Chinese domestic steel section prices mostly stable, with some slight downticks

Monday, 13 May 2019 15:10:30 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have mostly followed a stable trend in the past seven days, though with some slight declines also seen.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $626/mt (RMB 4,310/mt). The same product is sold at $568/mt (RMB 3,910/mt) in the Tangshan market and at $637/mt (RMB 4,380/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $586/mt (RMB 4,030/mt) in the Shanghai market, at $564/mt (RMB 3,880/mt) in Tangshan and at $661/mt (RMB 4,550/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 4,040/mt), $568/mt (RMB 3,910/mt) and $647/mt (RMB 4,450/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 indicated minor decreases during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,560/mt ($517/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,580/mt ($520/mt), while the price of 20MnSi billet is at around RMB 3,660/mt ($532/mt). The prices are all ex-mill, including 13 percent VAT.

Overall trading activity in the local Chinese steel section market has been weak, with the slight decreases seen in some prices being due to the soft trend of billet prices and the declines in the futures markets. Market inventories have risen slightly. However, with producers’ quotations still at high levels, many traders have chosen to keep their prices stable. As for the week ahead, it is believed that domestic steel section prices may move down by a small margin.  

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

4,310

626

↓20

Beijing

Shougang

3,740

544

0

Tangshan

Tangshan

3,910

568

↓20

Tianjin

Zhaobo

3,710

539

↓20

Guangzhou

Tongsteel

4,380

637

0

Average

 -

4,010

583

↓12

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

4,030

586

↓20

Beijing

Shagang

3,720

541

0

Tangshan

Tangshan

3,880

564

↓20

Tianjin

Tianjin

3,710

539

↓20

Guangzhou

Guangzhou

4,550

661

0

Average

 -

3,978

578

↓12

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

4,040

587

0

Beijing

Laiwu

3,790

551

0

Tangshan 

Tangshan

3,910

568

↓30

Tianjin

Haicheng

3,760

547

↓20

Guangzhou

Haicheng

4,450

647

0

Average

 -

3,990

580

↓10

 

$1 = RMB 6.88


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