Chinese domestic steel section prices soften

Monday, 08 October 2018 17:07:44 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have decreased during the national holiday period.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $653/mt (RMB 4,500/mt). The same product is sold at $612/mt (RMB 4,220/mt) in the Tangshan market and at $689/mt (RMB 4,750/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $633/mt (RMB 4,360/mt) in the Shanghai market, at $614/mt (RMB 4,230/mt) in Tangshan and at $708/mt (RMB 4,880/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 $633/mt (RMB 4,360/mt), $623/mt (RMB 4,290/mt) and $695/mt (RMB 4,790/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, Chinese domestic market prices have showed a reduce trend during this period. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,850/mt ($559/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,870/mt ($562/mt), while the price of 20MnSi billet is at around RMB 3,970/mt ($576/mt). The prices are all ex-mill, including 16 percent VAT.

Overall trading activity has remained at low levels in the local Chinese steel section market which has moved down mainly due to the decreases seen in billet prices. As for the week ahead, since supply volumes remained at normal levels during the holiday and also given the softness of billet prices, domestic steel section prices may continue their downward trend.

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

4,500

653

0

Beijing

Shougang

4,030

585

↓100

Tangshan

Tangshan

4,220

612

↓140

Tianjin

Zhaobo

4,020

583

↓130

Guangzhou

Tongsteel

4,750

689

↓60

Average

 -

4,304

625

↓86

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

4,360

633

↓30

Beijing

Shagang

3,990

579

↓140

Tangshan

Tangshan

4,230

614

↓150

Tianjin

Tianjin

3,990

579

↓130

Guangzhou

Guangzhou

4,880

708

↓60

Average

 -

4,290

623

↓102

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

4,360

633

↓50

Beijing

Laiwu

4,010

582

↓140

Tangshan 

Tangshan

4,290

623

↓140

Tianjin

Haicheng

4,070

591

↓130

Guangzhou

Haicheng

4,790

695

↓40

Average

 -

4,304

625

↓100

 

$1 = RMB 6.89


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