Chinese domestic steel section prices have mostly moved stable trend during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a slightly upward trend during past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 2,960/mt ($418/mt), the price of 165 x 225 mm rectangular billet stands at RMB 2,980/mt ($420/mt), while the price of 20MnSi billet is at around RMB 3,060/mt ($432/mt). The prices are all ex-mill, including 13 percent VAT.
Mainstream ex-China H-beam section steel offer prices from Shanghai or Tianjin ports stand at $477-522/mt FOB as of today, Monday, October 27, have been going downward slightly compared to October 20.
Chinese steel section prices have indicated almost a stable trend during the past week. Overall trading activity has been weak. Upstream billet prices have slightly recovered as well as other raw material prices, giving certain support to steel section prices. However, due to weak demand, most traders choose to hold their prices stable. As for the week ahead, considering raw material prices may go upward, it is believed that steel section prices are likely to see a slight upward trend as well.
| Product name | Specification | City | Price (RMB/mt) | Weekly change (RMB/mt) | Price ($/mt) | Weekly change ($/mt) |
| Angle (Q235) | 50 mm x 50 mm x 5 mm | Shanghai | 3,370 | 0 | 475 | 1 |
| Beijing | 3,160 | 0 | 446 | 1 | ||
| Tangshan | 3,240 | 0 | 457 | 1 | ||
| Tianjin | 2,990 | 0 | 422 | 1 | ||
| Guangzhou | 3,470 | 0 | 490 | 1 | ||
| Average price | 3,246 | 0 | 458 | 1 | ||
| Channel (Q235) | 160 mm x 65 mm x 8.5 mm | Shanghai | 3,540 | 20 | 499 | 3 |
| Beijing | 3,130 | 0 | 442 | 1 | ||
| Tangshan | 3,230 | 10 | 456 | 2 | ||
| Tianjin | 2,990 | 0 | 422 | 1 | ||
| Guangzhou | 3,430 | 0 | 484 | 1 | ||
| Average price | 3,264 | 6 | 460 | 1 | ||
| I-beam (Q235) | 250 mm x 118 mm x 10 mm | Shanghai | 3,430 | 0 | 484 | 1 |
| Beijing | 3,220 | 0 | 454 | 1 | ||
| Tangshan | 3,370 | -10 | 475 | -1 | ||
| Tianjin | 3,070 | 0 | 433 | 1 | ||
| Guangzhou | 3,590 | 0 | 506 | 1 | ||
| Average price | 3,336 | -2 | 471 | 0 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.088
| Product Name | Category | Specification | Port | FOB Price ($) | Rise & Fall ($) |
| H beam | Q235B | 200*200*8*12 | Tianjin | 477 | -3 |
| Q235B | 600*200*11*17 | Tianjin | 502 | -3 | |
| SS400 | 200*200*8*12 | Tianjin | 482 | -3 | |
| SS400 | 600*200*11*17 | Tianjin | 507 | -3 | |
| S275JR | HEA200 | Tianjin | 492 | -3 | |
| A36 | W8*31 | Tianjin | 492 | -3 | |
| A36 | W12*65 | Tianjin | 507 | -3 | |
| A36 | W12*65 | Shanghai | 517 | -3 | |
| Q355B | 200*200*8*12 | Tianjin | 512 | -3 | |
| Q355B | 200*200*8*12 | Shanghai | 522 | -3 |