During the week ending August 20, Chinese domestic semi-finished steel prices have mostly indicated a slight downward trend, while transaction activity in the market has been at low-to-medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
Product name |
Specification (mm) |
Category |
City |
Price |
Price (USD/mt) |
Weekly Change |
Weekly Change |
150 x 150 |
Q195-235 |
Jiangyin,Jiangsu |
3,550 |
503.5 |
0 |
0 |
|
Jinzhong,Shanxi |
3,440 |
487.9 |
-30 |
-4 |
|||
Tangshan,Hebei |
3,440 |
487.9 |
-30 |
-4 |
|||
Fuzhou,Fujian |
3,580 |
507.8 |
0 |
0 |
|||
Average price |
3,503 |
496.8 |
-15 |
-2 |
|||
150 x 150 |
20MnSi |
Jiangyin,Jiangsu |
3,670 |
520.6 |
0 |
0 |
|
Jinzhong,Shanxi |
3,540 |
502.1 |
-30 |
-4 |
|||
Tangshan,Hebei |
3,540 |
502.1 |
-30 |
-4 |
|||
Fuzhou,Fujian |
3,680 |
522.0 |
0 |
0 |
|||
Average price |
3,608 |
511.7 |
-15 |
-2 |
|||
250 x 1,800 x 6,000 |
Q235 |
Tangshan,Hebei |
3,420 |
485.1 |
0 |
0 |
All prices are ex-warehouse and on actual weight basis and include 13 percent VAT.
During the given week, semi-finished steel prices in the Chinese domestic market have indicated a slight downward movement. The overall inventory levels of semi-finished products have decreased, providing a certain degree of support for semi-finished steel prices in the market. However, steel production restrictions continue to be implemented, limiting the demand for semi-finished steel in the market, negatively influencing prices. Meanwhile, slack demand from downstream users and weak transaction activities have exerted a negative impact on semi-finished steel prices in the spot market. It is thought that semi-finished steel prices in the Chinese domestic market will likely continue their soft trend in the coming week.
$1 = RMB 7.05
