Chinese domestic steel section prices have moved up by a small margin week on week.
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 mm x 150 mm square billet is at RMB 3,870/mt ($562/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,890/mt ($565/mt), while the price of 20MnSi billet is at around RMB 3,970/mt ($577/mt). The prices are all ex-mill, including 13 percent VAT.
In the past week, Chinese steel section prices first increased and then started to soften under pressure from lower billet prices, with steel section prices slightly higher on week-on-week basis. Overall trading activity has improved a little and most traders are upbeat due to the approaching sales season. As for the week ahead, it is believed that steel section prices may move up by a small margin.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
4,500 |
10 |
654 |
1 |
Beijing |
4,010 |
10 |
583 |
1 |
||
Tangshan |
4,260 |
30 |
619 |
3 |
||
Tianjin |
3,970 |
10 |
577 |
1 |
||
Guangzhou |
4,740 |
0 |
689 |
-1 |
||
Average price |
4,296 |
12 |
624 |
1 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,400 |
90 |
639 |
12 |
Beijing |
4,030 |
10 |
586 |
1 |
||
Tangshan |
4,210 |
-10 |
612 |
-2 |
||
Tianjin |
4,000 |
10 |
581 |
1 |
||
Guangzhou |
4,750 |
0 |
690 |
-1 |
||
Average price |
4,278 |
20 |
622 |
2 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
4,340 |
10 |
631 |
1 |
Beijing |
4,090 |
10 |
594 |
1 |
||
Tangshan |
4,330 |
10 |
629 |
1 |
||
Tianjin |
4,100 |
30 |
596 |
3 |
||
Guangzhou |
4,750 |
0 |
690 |
-1 |
||
Average price |
4,322 |
12 |
628 |
1 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.881
