Chinese domestic steel section prices have fluctuated with slight upticks during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have indicated a downtrend during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 5,270/mt ($815/mt), the price of 165 x 225 mm rectangular billet stands at RMB 5,290/mt ($818/mt), while the price of 20MnSi billet is at around RMB 5,370/mt ($830/mt). The prices are all ex-mill, including 13 percent VAT.
During the given week, overall trading activity has been weak. Upstream billet prices moved downwards. Recently the limitation of production volume has impacted the steel market, supporting steel section prices. Traders and section producers are mostly not willing to reduce their prices although downstream market has been weak. As for the week ahead, considering that the support from the supply side will remain strong, it is believed that steel section prices may follow a slightly upward trend.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
5,820 |
20 |
900 |
0 |
Beijing |
5,160 |
0 |
798 |
-2 |
||
Tangshan |
5,530 |
0 |
855 |
-3 |
||
Tianjin |
5,160 |
0 |
798 |
-2 |
||
Guangzhou |
6,020 |
40 |
930 |
3 |
||
Average price |
5,538 |
12 |
856 |
-1 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
5,660 |
20 |
875 |
0 |
Beijing |
5,240 |
40 |
810 |
4 |
||
Tangshan |
5,590 |
10 |
864 |
-1 |
||
Tianjin |
5,240 |
40 |
810 |
4 |
||
Guangzhou |
6,190 |
40 |
957 |
3 |
||
Average price |
5,584 |
30 |
863 |
2 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
5,720 |
20 |
884 |
0 |
Beijing |
5,390 |
10 |
833 |
-1 |
||
Tangshan |
5,640 |
0 |
872 |
-3 |
||
Tianjin |
5,320 |
10 |
822 |
-1 |
||
Guangzhou |
6,120 |
40 |
946 |
3 |
||
Average price |
5,638 |
16 |
871 |
0 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.470