During the week ending March 14, Chinese domestic semi-finished steel prices have mostly indicated upward movement except in the Fujian region, while transaction activity in the market has been better compared to the previous week and is now at medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, the rising trend of ferrous metal futures prices in China in the past two days has exerted a positive impact on steel prices in the domestic spot market. Meanwhile, demand from downstream users has improved and rolling mills are now more willing to purchase semi-finished steel, resulting in better activity in the market. It is thought that semi-finished steel prices in the Chinese domestic market will likely move up further in the coming week.
Product Name | Spec. | Category | City | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
150 mm x 150 mm | Q195-Q235 | Tangshan | 3,300 | 477 | ↑70 | |
Jinzhong | 3,150 | 455 | ↑50 | |||
Fuzhou | 3,300 | 477 | ↓50 | |||
Jiangyin | 3,500 | 506 | ↑50 | |||
Average price | 3,313 | 479 | ↑30 | |||
150 mm x 150 mm | 20 MnSi | Tangshan | 3,400 | 491 | ↑50 | |
Jinzhong | 3,250 | 470 | ↑50 | |||
Fuzhou | 3,400 | 491 | ↓50 | |||
Jiangyin | 3,630 | 525 | ↑30 | |||
Average price | 3,420 | 494 | ↑20 | |||
250*1800*6000 | Q235 | Tangshan, Hebei | 3,300 | 477 | ↑50 |
All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
$1 = RMB 6.92