Chinese domestic steel section prices have showed an upward trend during the past seven days.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have risen during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 4,690/mt ($737/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,710/mt ($740/mt), while the price of 20MnSi billet is at around RMB 4,790/mt ($752/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the local steel section market has been weak since market activity has not yet fully recovered after the holiday. Supply is still limited by production restrictions due to the Winter Olympics. Demand is expected to increase in the coming period and may give strong support for steel section prices. As for the week ahead, it is believed that steel section prices will continue to rise.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
5,300 |
+100 |
833 |
+15 |
Beijing |
4,760 |
+80 |
748 |
+12 |
||
Tangshan |
5,080 |
0 |
798 |
-1 |
||
Tianjin |
4,790 |
+120 |
752 |
+18 |
||
Guangzhou |
5,540 |
+90 |
870 |
+13 |
||
Average price |
5,094 |
+78 |
800 |
+11 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
5,110 |
+70 |
803 |
+10 |
Beijing |
4,800 |
+120 |
754 |
+18 |
||
Tangshan |
5,180 |
+130 |
814 |
+19 |
||
Tianjin |
4,830 |
+150 |
759 |
+23 |
||
Guangzhou |
5,880 |
+140 |
924 |
+21 |
||
Average price |
5,160 |
+122 |
811 |
+18 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
5,250 |
+70 |
825 |
+10 |
Beijing |
4,880 |
+30 |
767 |
+4 |
||
Tangshan |
5,240 |
+100 |
823 |
+15 |
||
Tianjin |
4,870 |
+80 |
765 |
+12 |
||
Guangzhou |
5,720 |
+140 |
899 |
+21 |
||
Average price |
5,192 |
+84 |
816 |
+12 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.366
