Chinese domestic steel section prices stable with some slight downticks

Tuesday, 01 December 2020 18:31:12 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have showed a stable movement in the past week, with some declines.

As for billet, prices of the semi-finished steel product in the Chinese domestic market have been stable compared to last week. In Tangshan, the current price of Q235 150 m x 150 mm square billet is at RMB 3,640/mt ($553/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,660/mt ($556/mt), while the price of 20MnSi billet is at around RMB 3,740/mt ($569/mt). The prices are all ex-mill, including 13 percent VAT.

Overall trading activity in the steel section market has been weak, causing many traders to offer discounts in order to close more deals towards the end of the month. Supply volumes have recently increased slightly, exerting pressure on steel section prices. But market inventory is still relatively low, providing some support for prices. As for the week ahead, considering the off-season and cold weather, it is believed that steel section prices in China may fluctuate on a slightly soft trend.

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

4,100

0

623

-1

Beijing

3,690

0

561

-1

Tangshan

3,860

-50

587

-8

Tianjin

3,700

0

562

-1

Guangzhou

4,340

0

660

-1

Average price

3,938

-10

599

-2

Channel (Q235)

160 mm x 65 mm x 8.5 mm

Shanghai

3,870

-20

588

-4

Beijing

3,680

0

559

-1

Tangshan

3,870

-50

588

-8

Tianjin

3,710

0

564

-1

Guangzhou

4,430

0

673

-1

Average price

3,912

-14

595

-3

I-beam (Q235)

250 mm x 118 mm x 10 mm

Shanghai

3,930

-20

597

-4

Beijing

3,710

-10

564

-2

Tangshan

3,920

-40

596

-7

Tianjin

3,710

0

564

-1

Guangzhou

4,380

0

666

-1

Average price

3,930

-14

597

-3

The prices are all ex-mill, including 13 percent VAT.

$1 = RMB 6.578


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