Chinese domestic steel section prices have moved down by small margins during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have moved down a little during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,130/mt ($439/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,150/mt ($441/mt), while the price of 20MnSi billet is at around RMB 3,230/mt ($453/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has remained weak during the current off-season and summer weather period, while prices have softened, though a rebound in prices of billet and raw materials towards the end of the past week limited the decreases in prices of steel sections. As for the week ahead, considering the rebound of raw material prices, it is believed that steel section prices may move up by small margins.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
3,550 |
-10 |
498 |
-2 |
Beijing |
3,300 |
-30 |
463 |
-4 |
||
Tangshan |
3,450 |
0 |
484 |
0 |
||
Tianjin |
3,190 |
-30 |
447 |
-4 |
||
Guangzhou |
3,630 |
-10 |
509 |
-2 |
||
Average price |
3,424 |
-16 |
480 |
-2 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
3,770 |
+60 |
528 |
+8 |
Beijing |
3,290 |
-30 |
461 |
-4 |
||
Tangshan |
3,420 |
-20 |
479 |
-3 |
||
Tianjin |
3,210 |
-30 |
450 |
-4 |
||
Guangzhou |
3,850 |
-40 |
540 |
-6 |
||
Average price |
3,508 |
-12 |
492 |
-2 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,660 |
-10 |
513 |
-2 |
Beijing |
3,580 |
-50 |
502 |
-7 |
||
Tangshan |
3,630 |
0 |
509 |
-0 |
||
Tianjin |
3,440 |
-30 |
482 |
-4 |
||
Guangzhou |
3,780 |
-40 |
530 |
-6 |
||
Average price |
3,618 |
-26 |
507 |
-4 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.135
