Chinese domestic steel section prices have moved up during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed an upward trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 4,910/mt ($770/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,930/mt ($774/mt), while the price of 20MnSi billet is at around RMB 5,010/mt ($786/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the Chinese domestic steel section market has been weak due to the impact of measures aimed at tackling the coronavirus. However, with raw material prices showing an upward trend, most traders have chosen to increase their quoted prices. As for the week ahead, while supply may remain weak whereas support from the cost side is still strong, it is believed that steel section prices in China may move up slightly.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
5,340 |
40 |
838 |
6 |
Beijing |
4,990 |
190 |
783 |
29 |
||
Tangshan |
5,280 |
210 |
828 |
32 |
||
Tianjin |
4,900 |
140 |
769 |
21 |
||
Guangzhou |
5,650 |
110 |
887 |
17 |
||
Average price |
5,232 |
138 |
821 |
21 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
5,070 |
20 |
796 |
3 |
Beijing |
4,990 |
170 |
783 |
26 |
||
Tangshan |
5,280 |
180 |
828 |
28 |
||
Tianjin |
4,920 |
110 |
772 |
17 |
||
Guangzhou |
5,840 |
50 |
916 |
7 |
||
Average price |
5,220 |
106 |
819 |
16 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
5,250 |
40 |
824 |
6 |
Beijing |
5,040 |
210 |
791 |
32 |
||
Tangshan |
5,360 |
180 |
841 |
28 |
||
Tianjin |
4,930 |
90 |
774 |
14 |
||
Guangzhou |
5,740 |
50 |
901 |
7 |
||
Average price |
5,264 |
114 |
826 |
17 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.373
