Chinese domestic steel section prices increase slightly

Monday, 05 July 2021 16:58:39 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have risen slightly during the past week.

Chinese domestic steel section prices have risen slightly during the past week.

As for billet, prices of the semi-finished steel product in the Chinese domestic market have continued to move up by a small margin during the past seven days. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 4,990/mt ($771/mt), the price of 165 x 225 mm rectangular billet stands at RMB 5,010/mt ($774/mt), while the price of 20MnSi billet is at around RMB 5,090/mt ($787/mt). The prices are all ex-mill, including 13 percent VAT.

Overall trading activity in the domestic steel section market has been weak due to the offseason and production restrictions, while increases in billet prices have supported steel section prices. Meanwhile, supply volumes are still low, which also provides support for section prices. As for the week ahead, considering the support from the cost side and low supply volumes against the backdrop of weak downstream demand, it is believed that steel section steel prices may just fluctuate 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

5,520

10

853

-0

Beijing

4,870

70

753

9

Tangshan

5,210

80

805

11

Tianjin

4,860

70

751

9

Guangzhou

5,610

30

867

3

Average price

5,214

52

806

7

Channel (Q235)

160 mm x 65 mm x 8.5 mm

Shanghai

5,380

10

832

0

Beijing

4,960

70

767

9

Tangshan

5,250

60

811

8

Tianjin

4,960

100

767

14

Guangzhou

5,710

30

883

3

Average price

5,252

54

812

7

I-beam (Q235)

250 mm x 118 mm x 10 mm

Shanghai

5,470

-10

845

-3

Beijing

5,140

70

794

9

Tangshan

5,290

40

818

5

Tianjin

5,060

20

782

2

Guangzhou

5,900

0

912

-2

Average price

5,372

24

830

2

The prices are all ex-mill, including 13 percent VAT.

$1 = RMB 6.470


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