Chinese domestic steel section prices have mostly decreased slightly during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have moved up during the past seven days. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 4,910/mt ($770/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,930/mt ($773/mt), while the price of 20MnSi billet is at around RMB 5,010/mt ($786/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the Chinese steel section market has improved a little in the past week but remains sluggish, while, despite the increases in billet prices, most traders have reduced their steel section prices by small margins as some relaxation of coronavirus measures has resulted in increases in supply in some parts of the country. As for the week ahead, it is believed that steel section prices in China may indicate minor fluctuations.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
5,490 |
30 |
861 |
3 |
Beijing |
4,960 |
0 |
778 |
-1 |
||
Tangshan |
5,210 |
-10 |
817 |
-3 |
||
Tianjin |
4,930 |
-60 |
773 |
-11 |
||
Guangzhou |
5,630 |
-20 |
883 |
-5 |
||
Average price |
5,244 |
-12 |
822 |
-3 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
5,260 |
30 |
825 |
3 |
Beijing |
4,960 |
0 |
778 |
-1 |
||
Tangshan |
5,180 |
-50 |
812 |
-9 |
||
Tianjin |
4,940 |
-40 |
775 |
-8 |
||
Guangzhou |
5,770 |
-20 |
905 |
-5 |
||
Average price |
5,222 |
-16 |
819 |
-4 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
5,370 |
30 |
842 |
3 |
Beijing |
5,040 |
0 |
790 |
-1 |
||
Tangshan |
5,250 |
-70 |
823 |
-12 |
||
Tianjin |
4,980 |
-50 |
781 |
-9 |
||
Guangzhou |
5,710 |
0 |
896 |
-2 |
||
Average price |
5,270 |
-18 |
827 |
-4 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.376
