Chinese domestic steel section prices have continued to decline during the past week.
As for billet, prices of the semi-finished steel products in the Chinese domestic market have shown a decreasing trend during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,390/mt ($476/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,410/mt ($479/mt), while the price of 20MnSi billet is at around RMB 3,490/mt ($491/mt). The prices are all ex-mill, including 13 percent VAT.
Chinese steel section prices have continued a downward trend during the past week. Overall trading activity has been at a weak level since the warm weather. Upstream billet prices have shown a reduce trend which mainly causes section prices to have to follow. The production volume has reduced recently since the profit is not good. As for the week ahead, considering off season will keep influencing demand volume and support from the cost side is in weakness, it is believed that steel section prices may continue to fluctuate with a downward trend.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
3,840 |
-80 |
540 |
-12 |
Beijing |
3,560 |
-100 |
500 |
-14 |
||
Tangshan |
3,700 |
-70 |
520 |
-10 |
||
Tianjin |
3,440 |
-70 |
483 |
-10 |
||
Guangzhou |
3,850 |
-60 |
541 |
-9 |
||
Average price |
3,678 |
-76 |
517 |
-11 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
3,930 |
-90 |
552 |
-13 |
Beijing |
3,550 |
-100 |
499 |
-14 |
||
Tangshan |
3,690 |
-60 |
519 |
-9 |
||
Tianjin |
3,450 |
-80 |
485 |
-12 |
||
Guangzhou |
4,240 |
-70 |
596 |
-10 |
||
Average price |
3,772 |
-80 |
530 |
-12 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,920 |
-90 |
551 |
-13 |
Beijing |
3,800 |
-50 |
534 |
-7 |
||
Tangshan |
3,860 |
-40 |
543 |
-6 |
||
Tianjin |
3,530 |
-120 |
496 |
-17 |
||
Guangzhou |
4,130 |
-20 |
580 |
-3 |
||
Average price |
3,848 |
-64 |
541 |
-9 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.115
