Chinese domestic steel section prices mostly move sideways

Monday, 28 January 2019 16:11:19 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have mostly moved sideways in the past week, with some slight upticks also seen.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $642/mt (RMB 4,330/mt). The same product is sold at $565/mt (RMB 3,800/mt) in the Tangshan market and at $648/mt (RMB 4,370/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $605/mt (RMB 4,080/mt) in the Shanghai market, at $559/mt (RMB 3,770/mt) in Tangshan and at $678/mt (RMB 4,570/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 $585/mt (RMB 3,940/mt), $570/mt (RMB 3,840/mt) and $668/mt (RMB 4,500/mt). The prices are all ex-mill, including 16 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 prices have risen slightly during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,430/mt ($509/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,450/mt ($512/mt), while the price of 20MnSi billet is at around RMB 3,530/mt ($524/mt). The prices are all ex-mill, including 16 percent VAT.

Overall trading activity has been at low levels in the past week in the Chinese steel section market where prices have been mostly stable, though with some slight upticks due to increases in some producers’ ex-works prices and low inventory levels in the market. However the upward movement has been limited by the weakness of demand, with many buyers already having left the market ahead of the Chinese New Year holiday. It is believed that steel section prices in China will remain stable in the week remaining before the holiday.

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

4,330

642

0

Beijing

Shougang

3,610

536

0

Tangshan

Tangshan

3,800

564

0

Tianjin

Zhaobo

3,650

542

↑20

Guangzhou

Tongsteel

4,370

648

0

Average

 -

3,952

586

↑4

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

4,080

605

0

Beijing

Shagang

3,650

542

0

Tangshan

Tangshan

3,770

559

↑10

Tianjin

Tianjin

3,660

543

↑20

Guangzhou

Guangzhou

4,570

678

0

Average

 -

3,946

585

↑6

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

3,940

585

0

Beijing

Laiwu

3,690

547

0

Tangshan 

Tangshan

3,840

570

0

Tianjin

Haicheng

3,730

553

↑20

Guangzhou

Haicheng

4,500

668

0

Average

 -

3,940

585

↑4

 

$1 = RMB 6.74


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