Chinese domestic steel section prices have increased during the past week, amid some fluctuations.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have remained stable compared to last week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 4,450/mt ($696/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,470/mt ($699/mt), while the price of 20MnSi billet is at around RMB 4,550/mt ($712/mt). The prices are all ex-mill, including 13 percent VAT.
Chinese steel section prices have moved up during the past seven days. Overall trading activity has been at normal levels, providing support for steel section prices. Meanwhile, upstream billet prices have risen both in the spot and futures markets, causing most traders to choose to increase their quoted prices. Both supply and inventory are still on the low side. As for the week ahead, amid support from the cost side and low demand, it is believed that domestic steel section prices may continue to fluctuate on an overall upward trend.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
5,170 |
90 |
809 |
11 |
Beijing |
4,660 |
110 |
729 |
14 |
||
Tangshan |
4,980 |
150 |
779 |
20 |
||
Tianjin |
4,650 |
110 |
727 |
14 |
||
Guangzhou |
5,480 |
110 |
857 |
14 |
||
Average price |
4,988 |
114 |
780 |
15 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
5,000 |
50 |
782 |
5 |
Beijing |
4,690 |
100 |
734 |
13 |
||
Tangshan |
4,990 |
170 |
781 |
24 |
||
Tianjin |
4,690 |
110 |
734 |
14 |
||
Guangzhou |
5,750 |
110 |
899 |
14 |
||
Average price |
5,024 |
108 |
786 |
14 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
5,100 |
60 |
798 |
6 |
Beijing |
4,880 |
120 |
763 |
16 |
||
Tangshan |
4,960 |
100 |
776 |
13 |
||
Tianjin |
4,810 |
110 |
752 |
14 |
||
Guangzhou |
5,570 |
100 |
871 |
12 |
||
Average price |
5,064 |
98 |
792 |
12 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.393
