Chinese domestic steel section prices have mostly indicated slight increases during the past week.
In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $650/mt (RMB 4,360/mt). The same product is sold at $592/mt (RMB 3,970/mt) in the Tangshan market and at $662/mt (RMB 4,440/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $607/mt (RMB 4,070/mt) in the Shanghai market, at $584/mt (RMB 3,920/mt) in Tangshan and at $686/mt (RMB 4,600/mt) in the Guangzhou market. In the Shanghai, Tangshan and Guangzhou markets, 250 mm x 118 mm x 10 m I-beam prices stand respectively at $602/mt (RMB 4,040/mt), $587/mt (RMB 3,940/mt) and $671/mt (RMB 4,500/mt). The prices are all ex-mill, including 13 percent VAT. Steel section prices in the Chinese domestic market can be viewed in the table below.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have continued their upward trend in past seven days. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,580/mt ($534/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,600/mt ($537/mt), while the price of 20MnSi billet is at around RMB 3,680/mt ($548/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity has generally improved in the local Chinese steel section market during the past week and is considered to be at normal levels, though there has been some slackening of demand towards the end of the week after the latest price increases. Prices have been supported by higher billet prices and increases in raw material prices in the spot and futures markets. As for the week ahead, it is believed that domestic steel section prices will mainly continue to rise slightly.
Product name |
Spec. |
Category |
City |
Steel plant/origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Angle |
50 mm x 50 mm x 5 mm |
Q235 |
Shanghai |
Masteel |
4.360 |
650 |
↑40 |
Beijing |
Shougang |
3.760 |
560 |
0 |
|||
Tangshan |
Tangshan |
3.970 |
592 |
0 |
|||
Tianjin |
Zhaobo |
3.750 |
559 |
↑20 |
|||
Guangzhou |
Tongsteel |
4.440 |
662 |
0 |
|||
Average |
- |
4.056 |
604 |
↑12 |
|||
Channel |
160 mm x 65 mm x 8.5 mm |
Q235 |
Shanghai |
Masteel |
4.070 |
607 |
↑20 |
Beijing |
Shagang |
3.740 |
557 |
0 |
|||
Tangshan |
Tangshan |
3.920 |
584 |
↑20 |
|||
Tianjin |
Tianjin |
3.750 |
559 |
↑20 |
|||
Guangzhou |
Guangzhou |
4.600 |
686 |
↑20 |
|||
Average |
- |
4.016 |
599 |
↑16 |
|||
I Beam |
250 mm x 118 mm x 10 mm |
Q235 |
Shanghai |
Laiwu |
4.040 |
602 |
↑40 |
Beijing |
Laiwu |
3.800 |
566 |
0 |
|||
Tangshan |
Tangshan |
3.940 |
587 |
↑20 |
|||
Tianjin |
Haicheng |
3.800 |
566 |
↑20 |
|||
Guangzhou |
Haicheng |
4.500 |
671 |
0 |
|||
Average |
- |
4.016 |
599 |
↑16 |
$1 = RMB 6.71