Chinese domestic steel section prices indicate minor fluctuations

Monday, 14 January 2019 16:14:47 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have indicated minor fluctuations during the past week.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $641/mt (RMB 4,340/mt). The same product is sold at $563/mt (RMB 3,810/mt) in the Tangshan market and at $645/mt (RMB 4,370/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $606/mt (RMB 4,100/mt) in the Shanghai market, at $558/mt (RMB 3,780/mt) in Tangshan and at $675/mt (RMB 4,570/mt) in the Guangzhou market. In the Shanghai, Tangshan and Guangzhou markets, 250 mm x 118 mm x 10 m I-beam prices stand respectively at $583/mt (RMB 3,950/mt), $567/mt (RMB 3,840/mt) and $665/mt (RMB 4,500/mt). The prices are all ex-mill, including 16 percent VAT. Steel section prices in the Chinese domestic market can be viewed in the table below.

As for billet, prices of the semi-finished steel product in the Chinese domestic market have rebounded slightly in the past seven days. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,410/mt ($504/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,430/mt ($507/mt), while the price of 20MnSi billet is at around RMB 3,510/mt ($518/mt). The prices are all ex-mill, including 16 percent VAT.

Trading activity has remained at low levels in the past week in the Chinese domestic steel section market where some prices have edged up slightly due to the increase in billet prices, whereas other prices have softened by small margins due to the slackness of demand. Supplies volumes are at low levels in some parts of the country due to production restrictions, and this provides support for prices. As for the week ahead, trading activity may improve due to replenishment of winter stocks, while it is believed that domestic steel section prices may continue to indicate small fluctuations, with some traders possibly reducing their prices in order to close more deals.

Product name

Spec.

Category

City 

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Weekly change

(RMB/mt)

Angle

50 mm x 50 mm x 5 mm

Q235 

Shanghai

Masteel

4,340

641

↑20

Beijing

Shougang

3,650

539

↓10

Tangshan

Tangshan

3,810

563

0

Tianjin

Zhaobo

3,650

539

↑10

Guangzhou

Tongsteel

4,370

645

↓20

Average

 -

3,964

586

0

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

4,100

606

↓30

Beijing

Shagang

3,690

545

0

Tangshan

Tangshan

3,780

558

↓10

Tianjin

Tianjin

3,660

541

↑10

Guangzhou

Guangzhou

4,570

675

0

Average

 -

3,960

585

↓6

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

3,950

583

↓30

Beijing

Laiwu

3,730

551

50

Tangshan 

Tangshan

3,840

567

↓40

Tianjin

Haicheng

3,730

551

↑40

Guangzhou

Haicheng

4,500

665

0

Average

 -

3,950

583

↑4

 

$1 = RMB 6.77


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