Chinese domestic steel section prices move sideways, with some slight upticks also

Monday, 20 May 2019 15:30:20 (GMT+3)   |   Shanghai
       

During the past week, Chinese domestic steel section prices have moved sideways, though with some slight upticks also observed.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $624/mt (RMB 4,310/mt). The same product is sold at $569/mt (RMB 3,930/mt) in the Tangshan market and at $634/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 $583/mt (RMB 4,030/mt) in the Shanghai market, at $564/mt (RMB 3,900/mt) in Tangshan and at $658/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 $585/mt (RMB 4,040/mt), $569/mt (RMB 3,930/mt) and $644/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 a stable trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,560/mt ($515/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,580/mt ($518/mt), while the price of 20MnSi billet is at around RMB 3,660/mt ($530/mt). The prices are all ex-mill, including 13 percent VAT.

Overall trading activity in the local Chinese section steel market has been at normal levels in the past week, with the minor upticks seen in certain prices due to the influence of increases in rebar futures prices as of the middle of the week. Traders are mostly focusing on sales and hold a negative view of the prospects for demand. As for the week ahead, considering the weakness of trading activity, it is believed that local steel section prices may fluctuate on a 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

4,310

624

0

Beijing

Shougang

3,750

543

↑10

Tangshan

Tangshan

3,930

569

↑20

Tianjin

Zhaobo

3,730

540

↑20

Guangzhou

Tongsteel

4,380

634

0

Average

 -

4,020

582

↑10

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

4,030

583

0

Beijing

Shagang

3,730

540

↑10

Tangshan

Tangshan

3,900

564

↑20

Tianjin

Tianjin

3,720

538

↑10

Guangzhou

Guangzhou

4,550

658

0

Average

 -

3,986

577

↑8

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

4,040

585

0

Beijing

Laiwu

3,820

553

↑30

Tangshan 

Tangshan

3,930

569

↑20

Tianjin

Haicheng

3,780

547

↑20

Guangzhou

Haicheng

4,450

644

0

Average

 -

4,004

579

↑14

 

$1 = RMB 6.91


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