Chinese domestic steel section prices have indicated a downward trend during the past seven days.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have decreased by small margins during past the week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 2,970/mt ($433/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 2,990/mt ($435/mt), while the price of 20MnSi billet is at around RMB 3,070/mt ($447/mt). The prices are all ex-mill, including 13 percent VAT.
Mainstream ex-China H-beam steel section offer prices from the ports of Shanghai and Tianjin stand at $508-543/mt FOB as of today, Monday, April 13, increasing compared to March 30.
Overall trading activity in the domestic steel section market has been at normal levels in the past week, while prices have softened amid downticks in prices of billet and other raw materials. Also, since production volumes have remained at high levels, most traders have chosen to cut their quoted prices slightly in order to close more deals and reduce their stocks. As for the week ahead, it is believed that steel section prices may just fluctuate by small margins.
| Product name | Specification | City | Price (RMB/mt) | Weekly change (RMB/mt) | Price ($/mt) | Weekly change ($/mt) |
| Angle (Q235) | 50 mm x 50 mm x 5 mm | Shanghai | 3,450 |
0 |
502 |
4 |
| Beijing | 3,260 |
-30 |
475 |
-0 |
||
| Tangshan | 3,340 |
-30 |
486 |
-0 |
||
| Tianjin | 3,140 |
-30 |
457 |
-1 |
||
| Guangzhou | 3,490 |
-80 |
508 |
-7 |
||
| Average price | 3,336 |
-34 |
486 |
-1 |
||
| Channel (Q235) | 160 mm x 65 mm x 8.5 mm | Shanghai | 3,490 |
-20 |
508 |
1 |
| Beijing | 3,250 |
-30 |
473 |
-1 |
||
| Tangshan | 3,300 |
-30 |
481 |
-0 |
||
| Tianjin | 3,110 |
-50 |
453 |
-4 |
||
| Guangzhou | 3,520 |
-20 |
513 |
1 |
||
| Average price | 3,334 |
-30 |
486 |
-0 |
||
| I-beam (Q235) | 250 mm x 118 mm x 10 mm | Shanghai | 3,490 |
0 |
508 |
4 |
| Beijing | 3,310 |
-20 |
482 |
1 |
||
| Tangshan | 3,400 |
-30 |
495 |
-0 |
||
| Tianjin | 3,190 |
-50 |
465 |
-3 |
||
| Guangzhou | 3,530 |
-80 |
514 |
-7 |
||
| Average price | 3,384 |
-36 |
493 |
-1 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.866
| Product Name | Category | Specification | Port | FOB Price(USD) | Rise & Fall (USD) |
| H beam | Q235B | 200*200*8*12 | Tianjin | 508 |
4 |
| Q235B | 600*200*11*17 | Tianjin | 533 |
4 |
|
| SS400 | 200*200*8*12 | Tianjin | 513 |
4 |
|
| SS400 | 600*200*11*17 | Tianjin | 538 |
4 |
|
| S275JR | HEA200 | Tianjin | 523 |
4 |
|
| A36 | W8*31 | Tianjin | 523 |
4 |
|
| A36 | W12*65 | Tianjin | 538 |
4 |
|
| A36 | W12*65 | Shanghai | 548 |
4 |
|
| Q355B | 200*200*8*12 | Tianjin | 543 |
4 |
|
| Q355B | 200*200*8*12 | Shanghai | 553 |
4 |
