Chinese domestic steel section prices have mostly softened during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have continued their decreasing trend in the past seven days. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,350/mt ($475/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,370/mt ($477/mt), while the price of 20MnSi billet is at around RMB 3,450/mt ($489/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has been at low levels in the past week. Steel futures prices first increased in the given week but then decreased, with the current macroeconomic situation contributing to this downward movement. Traders are still willing to offer certain discounts in order to close more deals. As for the week ahead, considering that upstream raw material prices may continue to soften, it is believed that domestic steel section prices will mostly fluctuate in a downward direction.
Product Name |
Specification |
Category |
City |
Steel Plant/Place of Origin |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle |
50mm*50mm*5mm |
Q235 |
Shanghai |
Masteel |
4,160 |
-60 |
589 |
-8 |
Beijing |
Tangshan |
3,700 |
0 |
524 |
0 |
|||
Tangshan |
Tangshan |
3,890 |
-10 |
551 |
-1 |
|||
Tianjin |
Zhaobo |
3,740 |
-20 |
530 |
-3 |
|||
Guangzhou |
Tongsteel |
4,350 |
-30 |
616 |
-4 |
|||
Average price |
- |
3,968 |
-24 |
562 |
-3 |
|||
Channel |
160mm*65mm*8.5mm |
Q235 |
Shanghai |
Masteel |
3,990 |
-40 |
565 |
-6 |
Beijing |
Xuangang |
3,680 |
0 |
521 |
0 |
|||
Tangshan |
Tangshan |
3,800 |
-30 |
538 |
-4 |
|||
Tianjin |
Jiangtian |
3,680 |
-50 |
521 |
-7 |
|||
Guangzhou |
Liusteel |
4,510 |
-30 |
639 |
-4 |
|||
Average price |
- |
3,932 |
-30 |
557 |
-4 |
|||
I Beam |
250mm*118mm*10mm |
Q235 |
Shanghai |
Laiwu |
4,030 |
-40 |
571 |
-6 |
Beijing |
Laiwu |
3,770 |
-30 |
534 |
-4 |
|||
Tangshan |
Tangshan |
3,900 |
-30 |
552 |
-4 |
|||
Tianjin |
Haicheng |
3,710 |
-30 |
525 |
-4 |
|||
Guangzhou |
Haicheng |
4,410 |
-40 |
625 |
-6 |
|||
Average price |
- |
3,964 |
-34 |
561 |
-5 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.06
