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