Chinese domestic steel section prices have fluctuated on a mostly soft trend during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have indicated an upward trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,920/mt ($599/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,940/mt ($602/mt), while the price of 20MnSi billet is at around RMB 4,020/mt ($615/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has been weak in the past seven days. Prices have decreased in some areas due to the weakness of demand and high market inventories. Traders have mostly been willing to offer certain discounts in order to close more deals. As for the week ahead, considering the weakness of demand and the fact that support from the cost side is getting weaker, it is believed that steel section prices may indicate further slight downticks.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
4,450 |
-110 |
680 |
-19 |
Beijing |
3,940 |
0 |
602 |
-2 |
||
Tangshan |
4,160 |
0 |
636 |
-2 |
||
Tianjin |
3,940 |
40 |
602 |
5 |
||
Guangzhou |
4,680 |
-70 |
715 |
-13 |
||
Average price |
4,234 |
-28 |
647 |
-6 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,410 |
-50 |
674 |
-9 |
Beijing |
3,950 |
0 |
604 |
-2 |
||
Tangshan |
4,200 |
0 |
642 |
-2 |
||
Tianjin |
3,950 |
40 |
604 |
5 |
||
Guangzhou |
4,750 |
-70 |
726 |
-13 |
||
Average price |
4,252 |
-16 |
650 |
-4 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
4,440 |
-50 |
679 |
-9 |
Beijing |
3,980 |
0 |
608 |
-2 |
||
Tangshan |
4,230 |
30 |
647 |
3 |
||
Tianjin |
3,950 |
40 |
604 |
5 |
||
Guangzhou |
4,710 |
-70 |
720 |
-13 |
||
Average price |
4,262 |
-10 |
652 |
-3 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.541
