Chinese domestic steel section prices have remained stable or risen slightly during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a slightly upward trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,620/mt ($505/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,640/mt ($508/mt), while the price of 20MnSi billet is at around RMB 3,720/mt ($519/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has been weak due to the off-season, while prices have received support from minor increases in billet prices. Supply has risen slightly as well as market inventory. Traders are mostly maintaining a wait-and-see stance and are waiting for lower prices in order to increase stock levels. As for the week ahead, it is believed that steel section prices may move down by small margins.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
4,140 |
+30 |
578 |
+1 |
Beijing |
3,730 |
0 |
521 |
-3 |
||
Tangshan |
3,960 |
+10 |
553 |
-1 |
||
Tianjin |
3,690 |
0 |
515 |
-3 |
||
Guangzhou |
4,380 |
0 |
612 |
-3 |
||
Average price |
3,980 |
+8 |
556 |
-2 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,040 |
+30 |
564 |
+1 |
Beijing |
3,750 |
0 |
524 |
-3 |
||
Tangshan |
3,950 |
+30 |
552 |
+1 |
||
Tianjin |
3,710 |
0 |
518 |
-3 |
||
Guangzhou |
4,520 |
0 |
631 |
-3 |
||
Average price |
3,994 |
+12 |
558 |
-1 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
4,320 |
+30 |
603 |
+1 |
Beijing |
3,820 |
0 |
533 |
-3 |
||
Tangshan |
4,000 |
+40 |
559 |
+3 |
||
Tianjin |
3,810 |
0 |
532 |
-3 |
||
Guangzhou |
4,480 |
0 |
626 |
-3 |
||
Average price |
4,086 |
+14 |
571 |
-1 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.162
