Chinese domestic steel section prices have mostly declined during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a reduce trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,810/mt ($554/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,830/mt ($557/mt), while the price of 20MnSi billet is at around RMB 3,910/mt ($569/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has been at a low level, with prices mostly declining due to the soft trend of prices of billet and other raw material prices. Supply is still high. Demand side has indicated a slight recovery. As for the week ahead, as support from the cost side may increase slightly and as demand may improve too, it is believed that steel section prices may increase by a small margin.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
4,500 |
0 |
654 |
0 |
Beijing |
3,950 |
-60 |
574 |
-8 |
||
Tangshan |
4,180 |
-80 |
608 |
-11 |
||
Tianjin |
3,880 |
-90 |
564 |
-13 |
||
Guangzhou |
4,650 |
-90 |
676 |
-13 |
||
Average price |
4,232 |
-64 |
615 |
-9 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,400 |
0 |
640 |
0 |
Beijing |
3,970 |
-60 |
577 |
-8 |
||
Tangshan |
4,120 |
-90 |
599 |
-13 |
||
Tianjin |
3,910 |
-90 |
569 |
-13 |
||
Guangzhou |
4,660 |
-90 |
678 |
-13 |
||
Average price |
4,212 |
-66 |
613 |
-9 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
4,310 |
-30 |
627 |
-4 |
Beijing |
4,050 |
-40 |
589 |
-5 |
||
Tangshan |
4,250 |
-80 |
618 |
-11 |
||
Tianjin |
4,050 |
-50 |
589 |
-7 |
||
Guangzhou |
4,660 |
-90 |
678 |
-13 |
||
Average price |
4,264 |
-58 |
620 |
-8 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.876
