Chinese domestic steel section prices mostly indicate slight increases

Monday, 15 April 2019 17:51:28 (GMT+3)   |   Shanghai
       

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


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