Chinese domestic steel section prices have moved up slightly during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have followed a slight uptrend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,090/mt ($430/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,110/mt ($432/mt), while the price of 20MnSi billet is at around RMB 3,190/mt ($444/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has been sluggish in the past week given the colder weather and the offseason, while prices have rebounded by small margins on the back of the minor increases seen in prices of billet and other raw materials. As for the week ahead, it is believed that domestic steel section prices will just indicate small fluctuations.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
3,560 |
+30 |
495 |
+4 |
Beijing |
3,310 |
+30 |
460 |
+4 |
||
Tangshan |
3,400 |
+20 |
473 |
+3 |
||
Tianjin |
3,190 |
+30 |
444 |
+4 |
||
Guangzhou |
3,680 |
+20 |
512 |
+3 |
||
Average price |
3,428 |
+26 |
477 |
+4 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
3,480 |
+10 |
484 |
+1 |
Beijing |
3,300 |
+30 |
459 |
+4 |
||
Tangshan |
3,390 |
+20 |
471 |
+3 |
||
Tianjin |
3,190 |
+40 |
444 |
+6 |
||
Guangzhou |
3,640 |
+20 |
506 |
+3 |
||
Average price |
3,400 |
+24 |
473 |
+3 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,620 |
+60 |
503 |
+8 |
Beijing |
3,400 |
+20 |
473 |
+3 |
||
Tangshan |
3,570 |
+100 |
496 |
+14 |
||
Tianjin |
3,280 |
+40 |
456 |
+5 |
||
Guangzhou |
3,860 |
+20 |
537 |
+3 |
||
Average price |
3,546 |
+48 |
493 |
+7 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.192
