Chinese domestic steel section prices have fluctuated on a downward trend during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have softened slightly during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,050/mt ($424/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,070/mt ($427/mt), while the price of 20MnSi billet is at around RMB 3,150/mt ($438/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has slackened and is currently at weak levels due to the offseason, while prices have moved down amid the slight decreases in prices of billet and of other raw materials and given the sluggishness of demand. As for the week ahead, it is believed that domestic steel section prices may move down again, by small margins.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
3,530 |
-110 |
491 |
-16 |
Beijing |
3,280 |
-70 |
456 |
-11 |
||
Tangshan |
3,380 |
-100 |
470 |
-15 |
||
Tianjin |
3,160 |
-90 |
439 |
-13 |
||
Guangzhou |
3,660 |
-90 |
509 |
-13 |
||
Average price |
3,402 |
-92 |
473 |
-14 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
3,470 |
-70 |
483 |
-11 |
Beijing |
3,270 |
-70 |
455 |
-11 |
||
Tangshan |
3,370 |
-100 |
469 |
-15 |
||
Tianjin |
3,150 |
-90 |
438 |
-13 |
||
Guangzhou |
3,620 |
-90 |
503 |
-13 |
||
Average price |
3,376 |
-84 |
469 |
-12 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,560 |
-110 |
495 |
-16 |
Beijing |
3,380 |
-70 |
470 |
-11 |
||
Tangshan |
3,470 |
-170 |
483 |
-24 |
||
Tianjin |
3,240 |
-90 |
451 |
-13 |
||
Guangzhou |
3,840 |
-90 |
534 |
-13 |
||
Average price |
3,498 |
-106 |
486 |
-16 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.191