Chinese domestic steel section prices mostly indicate slight increases

Monday, 27 May 2019 15:52:32 (GMT+3)   |   Shanghai
       

As of May 27, Chinese domestic steel section prices have increased slightly on week-on-week basis.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $626/mt (RMB 4,320/mt). The same product is sold at $570/mt (RMB 3,930/mt) in the Tangshan market and at $636/mt (RMB 4,390/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $584/mt (RMB 4,030/mt) in the Shanghai market, at $570/mt (RMB 3,930/mt) in Tangshan and at $661/mt (RMB 4,560/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 $587/mt (RMB 4,050/mt), $575/mt (RMB 3,970/mt) and $646/mt (RMB 4,460/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 risen during the past seven days. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,620/mt ($525/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,640/mt ($528/mt), while the price of 20MnSi billet is at around RMB 3,720/mt ($539/mt). The prices are all ex-mill, including 13 percent VAT.

Overall trading activity has been at normal levels in the past week in the Chinese steel section market, where increases in upstream billet prices and raw material prices as of the middle of last week pushed up section prices. However, due to weak demand and the eagerness of traders to conclude sales, the increases in steel section prices have been relatively small. As for the week ahead, against the backdrop of the approaching off-season and the strong support from upstream prices, it is believed that domestic steel section prices may move on a slightly soft trend. 

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

4,320

626

↑10

Beijing

Shougang

3,780

548

↑30

Tangshan

Tangshan

3,930

570

0

Tianjin

Zhaobo

3,780

548

↑50

Guangzhou

Tongsteel

4,390

636

↑10

Average

 -

4,040

586

↑20

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

4,030

584

0

Beijing

Shagang

3,800

551

↑70

Tangshan

Tangshan

3,930

570

↑30

Tianjin

Tianjin

3,770

546

↑50

Guangzhou

Guangzhou

4,560

661

↑10

Average

 -

4,018

582

↑32

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

4,050

587

↑10

Beijing

Laiwu

3,880

562

↑60

Tangshan 

Tangshan

3,970

575

↑40

Tianjin

Haicheng

3,830

555

↑50

Guangzhou

Haicheng

4,460

646

↑10

Average

 -

4,038

585

↑34

 

$1 = RMB 6.90 


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