Chinese domestic steel section prices have continued a mostly decreasing trend during the past seven days.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have rebounded slightly during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 4,290/mt ($671/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,310/mt ($674/mt), while the price of 20MnSi billet is at around RMB 4,390/mt ($686/mt). The prices are all ex-mill, including 13 percent VAT.
Chinese steel section prices have followed a mostly downward trend during the past week amid decreases seen in prices of billet and other steel products. Overall trading activity has been slack. Traders have mostly been willing to offer certain discounts in order to close more deals. Production volumes are also on the low side. As for the week ahead, it is believed that steel section prices may rise slightly supported by increases in raw material prices.
|
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
|
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
5,020 |
-200 |
785 |
-32 |
|
Beijing |
4,480 |
-150 |
701 |
-24 |
||
|
Tangshan |
4,730 |
-50 |
740 |
-8 |
||
|
Tianjin |
4,430 |
-30 |
693 |
-5 |
||
|
Guangzhou |
5,270 |
-30 |
824 |
-5 |
||
|
Average price |
4,786 |
-92 |
748 |
-15 |
||
|
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,950 |
-200 |
774 |
-32 |
|
Beijing |
4,500 |
-130 |
704 |
-21 |
||
|
Tangshan |
4,720 |
100 |
738 |
15 |
||
|
Tianjin |
4,600 |
-30 |
719 |
-5 |
||
|
Guangzhou |
5,570 |
-10 |
871 |
-2 |
||
|
Average price |
4,868 |
-54 |
761 |
-9 |
||
|
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
5,030 |
-200 |
787 |
-32 |
|
Beijing |
4,710 |
-90 |
737 |
-15 |
||
|
Tangshan |
4,790 |
80 |
749 |
12 |
||
|
Tianjin |
4,650 |
0 |
727 |
-1 |
||
|
Guangzhou |
5,400 |
-30 |
844 |
-5 |
||
|
Average price |
4,916 |
-48 |
769 |
-8 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.395