Chinese domestic steel section prices have followed a downward trend during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have decreased during the past seven days. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,470/mt ($488/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,490/mt ($491/mt), while the price of 20MnSi billet is at around RMB 3,570/mt ($502/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has been slack, while prices have mostly moved down in line with softer billet prices and also given the lack of support from demand. At the end of the month, most traders were willing to reduce their prices in order to close more deals. As for the week ahead, considering the weakness of the downstream side, it is believed that steel section prices may follow a slightly downward trend.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
3,920 |
-10 |
551 |
-1 |
Beijing |
3,660 |
-80 |
515 |
-11 |
||
Tangshan |
3,770 |
-40 |
530 |
-6 |
||
Tianjin |
3,510 |
-90 |
494 |
-13 |
||
Guangzhou |
3,910 |
-60 |
550 |
-8 |
||
Average price |
3,754 |
-56 |
528 |
-8 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,020 |
-30 |
565 |
-4 |
Beijing |
3,650 |
-80 |
513 |
-11 |
||
Tangshan |
3,750 |
-40 |
528 |
-6 |
||
Tianjin |
3,530 |
-60 |
497 |
-8 |
||
Guangzhou |
4,310 |
-50 |
606 |
-7 |
||
Average price |
3,852 |
-52 |
542 |
-7 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
4,010 |
-10 |
564 |
-1 |
Beijing |
3,850 |
0 |
542 |
0 |
||
Tangshan |
3,900 |
-70 |
549 |
-10 |
||
Tianjin |
3,650 |
-70 |
513 |
-10 |
||
Guangzhou |
4,150 |
0 |
584 |
0 |
||
Average price |
3,912 |
-30 |
550 |
-4 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.109
