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