Chinese domestic steel section prices have showed stable or slightly upward movement during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a fluctuation with reduce trend during past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,100/mt ($434/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,120/mt ($437/mt), while the price of 20MnSi billet is at around RMB 3,200/mt ($448/mt). The prices are all ex-mill, including 13 percent VAT.
Mainstream ex-China H-beam section steel offer prices from Shanghai or Tianjin ports stand at $499-544/mt FOB as of today, Monday, Aug 11, have moved down slightly compared to Aug 4.
Overall trading activity in the local Chinese steel section market has been weak during the past seven days, while prices have been supported by rises in billet prices though their upward movement has been limited by the slackness of demand. As for the week ahead, it is believed that steel section prices may just indicate small fluctuations.
| Product name | Specification | City | Price (RMB/mt) | Weekly change (RMB/mt) | Price ($/mt) | Weekly change ($/mt) |
| Angle (Q235) | 50 mm x 50 mm x 5 mm | Shanghai | 3,490 |
0 |
489 |
-0 |
| Beijing | 3,300 |
0 |
462 |
-0 |
||
| Tangshan | 3,410 |
20 |
478 |
3 |
||
| Tianjin | 3,150 |
10 |
441 |
1 |
||
| Guangzhou | 3,570 |
50 |
500 |
7 |
||
| Average price | 3,384 |
16 |
474 |
2 |
||
| Channel (Q235) | 160 mm x 65 mm x 8.5 mm | Shanghai | 3,660 |
-20 |
513 |
-3 |
| Beijing | 3,270 |
0 |
458 |
-0 |
||
| Tangshan | 3,380 |
20 |
473 |
3 |
||
| Tianjin | 3,150 |
20 |
441 |
3 |
||
| Guangzhou | 3,500 |
0 |
490 |
-0 |
||
| Average price | 3,392 |
4 |
475 |
0 |
||
| I-beam (Q235) | 250 mm x 118 mm x 10 mm | Shanghai | 3,550 |
20 |
497 |
3 |
| Beijing | 3,370 |
0 |
472 |
-0 |
||
| Tangshan | 3,510 |
40 |
492 |
6 |
||
| Tianjin | 3,230 |
20 |
452 |
3 |
||
| Guangzhou | 3,610 |
0 |
506 |
-0 |
||
| Average price | 3,454 |
16 |
484 |
2 |
The prices are all ex-mill, including 13 percent VAT.
| Product Name | Category | Specification | Port | FOB Price(USD) | Rise & Fall (USD) |
| H beam | Q235B | 200*200*8*12 | Tianjin | 499 | -2 |
| Q235B | 600*200*11*17 | Tianjin | 524 | -2 | |
| SS400 | 200*200*8*12 | Tianjin | 504 | -2 | |
| SS400 | 600*200*11*17 | Tianjin | 529 | -2 | |
| S275JR | HEA200 | Tianjin | 514 | -2 | |
| A36 | W8*31 | Tianjin | 514 | -2 | |
| A36 | W12*65 | Tianjin | 529 | -2 | |
| A36 | W12*65 | Shanghai | 539 | -2 | |
| Q355B | 200*200*8*12 | Tianjin | 534 | -2 | |
| Q355B | 200*200*8*12 | Shanghai | 544 | -2 |
$1 = RMB 7.141
