Chinese domestic steel section prices have moved up by small margins during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have indicated a minor increase during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,980/mt ($577/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,000/mt ($580/mt), while the price of 20MnSi billet is at around RMB 4,080/mt ($592/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section has been at normal levels, while prices have risen by small margins supported by increases in billet prices. Demand has recovered strongly since the weather has been getting warmer. As for the week ahead, amid strong support from the demand side and raw material costs, it is believed that section steel prices will increase.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
4,510 |
+40 |
654 |
+12 |
Beijing |
4,120 |
+50 |
598 |
+13 |
||
Tangshan |
4,410 |
+40 |
640 |
+11 |
||
Tianjin |
4,080 |
+30 |
592 |
+10 |
||
Guangzhou |
4,780 |
+40 |
693 |
+12 |
||
Average price |
4,380 |
+40 |
635 |
+11 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,340 |
-10 |
629 |
+4 |
Beijing |
4,140 |
+50 |
600 |
+13 |
||
Tangshan |
4,400 |
+60 |
638 |
+14 |
||
Tianjin |
4,110 |
+40 |
596 |
+11 |
||
Guangzhou |
4,810 |
+40 |
698 |
+12 |
||
Average price |
4,360 |
+36 |
632 |
+11 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
4,470 |
-90 |
648 |
-7 |
Beijing |
4,210 |
+50 |
611 |
+13 |
||
Tangshan |
4,470 |
+40 |
648 |
+12 |
||
Tianjin |
4,180 |
0 |
606 |
+5 |
||
Guangzhou |
4,790 |
+40 |
695 |
+12 |
||
Average price |
4,424 |
+8 |
642 |
+7 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.895
