Chinese domestic steel section prices rise slightly

Monday, 25 March 2019 14:43:45 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have risen slightly during the past week.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $645/mt (RMB 4,330/mt). The same product is sold at $595/mt (RMB 3,990/mt) in the Tangshan market and at $662/mt (RMB 4,440/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $613/mt (RMB 4,110/mt) in the Shanghai market, at $584/mt (RMB 3,920/mt) in Tangshan and at $683/mt (RMB 4,580/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 $598/mt (RMB 4,010/mt), $586/mt (RMB 3,930/mt) and $671/mt (RMB 4,500/mt). The prices are all ex-mill, including 16 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 softened during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,450/mt ($514/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,470/mt ($517/mt), while the price of 20MnSi billet is at around RMB 3,550/mt ($529/mt). The prices are all ex-mill, including 16 percent VAT.

Overall trading activity in the local Chinese steel section market has been at normal levels in the past seven days. Since steel section producers have kept their quotations at high levels and as trading activity increased at the beginning of the week, steel section prices indicated an upward trend. However, after prices increased, downstream buyers mostly resumed a wait-and-see stance. Meanwhile, upstream billet prices have been characterized by a soft trend. As for the week ahead, considering the low production volumes, it is believed that domestic steel section prices may rise slightly.

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

4,330

645

0

Beijing

Shougang

3,730

556

↑20

Tangshan

Tangshan

3,990

595

↑20

Tianjin

Zhaobo

3,700

551

↑30

Guangzhou

Tongsteel

4,440

662

↑10

Average

 -

4,038

602

↑16

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

4,110

613

↑10

Beijing

Shagang

3,710

553

0

Tangshan

Tangshan

3,920

584

0

Tianjin

Tianjin

3,700

551

↑30

Guangzhou

Guangzhou

4,580

683

↑10

Average

 -

4,004

597

↑10

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

4,010

598

↑10

Beijing

Laiwu

3,770

562

0

Tangshan 

Tangshan

3,930

586

0

Tianjin

Haicheng

3,750

559

↑50

Guangzhou

Haicheng

4,500

671

0

Average

 -

3,992

595

↑12

 

$1 = RMB 6.71


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