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