Chinese domestic steel section prices have mostly increased during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed an upward trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,780/mt ($532/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,800/mt ($535/mt), while the price of 20MnSi billet is at around RMB 3,880/mt ($547/mt). The prices are all ex-mill, including 13 percent VAT.
Chinese steel section prices have mostly increased during the Chinese national holiday period, supported by higher billet prices. Overall trading activity has increased but has not fully recovered yet. Supply is at normal levels but demand has been weak due to the holiday period, causing inventories to increase. As for the week ahead, it is believed that steel section prices may rise slightly.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
4,230 |
20 |
596 |
-3 |
Beijing |
3,860 |
30 |
544 |
-1 |
||
Tangshan |
4,100 |
100 |
578 |
9 |
||
Tianjin |
3,830 |
60 |
540 |
3 |
||
Guangzhou |
4,550 |
50 |
641 |
1 |
||
Average price |
4,114 |
52 |
580 |
2 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,130 |
20 |
582 |
-3 |
Beijing |
3,890 |
50 |
548 |
2 |
||
Tangshan |
4,080 |
80 |
575 |
6 |
||
Tianjin |
3,850 |
60 |
542 |
3 |
||
Guangzhou |
4,690 |
50 |
661 |
1 |
||
Average price |
4,128 |
52 |
581 |
2 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
4,410 |
20 |
621 |
-3 |
Beijing |
3,960 |
0 |
558 |
-5 |
||
Tangshan |
4,200 |
0 |
592 |
-6 |
||
Tianjin |
4,060 |
30 |
572 |
-1 |
||
Guangzhou |
4,660 |
40 |
656 |
-1 |
||
Average price |
4,258 |
18 |
600 |
-3 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.099 (October 10)
