Chinese domestic steel section prices mostly indicate slight softening

Monday, 17 June 2019 16:49:29 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have mostly softened slightly during the past week.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $610/mt (RMB 4,230/mt). The same product is sold at $548/mt (RMB 3,800/mt) in the Tangshan market and at $625/mt (RMB 4,330/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $570/mt (RMB 3,950/mt) in the Shanghai market, at $544/mt (RMB 3,770/mt) in Tangshan and at $645/mt (RMB 4,470/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 $579/mt (RMB 4,010/mt), $551/mt (RMB 3,820/mt) and $636/mt (RMB 4,410/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 declined in the past seven days. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,410/mt ($492/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,430/mt ($495/mt), while the price of 20MnSi billet is at around RMB 3,510/mt ($507/mt). The prices are all ex-mill, including 13 percent VAT.

In the past week, overall trading activity has been at low levels in the local Chinese steel section market where most prices have indicated minor decreases mainly due to lower billet prices. Sentiment is negative among traders due to the weakness of demand, while most of them do not want to increase their stock levels. As for the week ahead, it is believed that domestic steel section prices may continue their 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

4,230

610

↓20

Beijing

Shougang

3,650

527

↓70

Tangshan

Tangshan

3,800

548

0

Tianjin

Zhaobo

3,640

525

↓70

Guangzhou

Tongsteel

4,330

625

↓20

Average

 -

3,930

567

↓36

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

3,950

570

↓20

Beijing

Shagang

3,650

527

↓70

Tangshan

Tangshan

3,770

544

↓20

Tianjin

Tianjin

3,630

524

↓70

Guangzhou

Guangzhou

4,470

645

↓20

Average

 -

3,894

562

↓40

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

4,010

579

↓20

Beijing

Laiwu

3,730

538

↓70

Tangshan 

Tangshan

3,820

551

0

Tianjin

Haicheng

3,690

532

↓70

Guangzhou

Haicheng

4,410

636

↓20

Average

 -

3,932

567

↓36

 

$1 = RMB 6.93 


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