During the week ending April 23, Chinese domestic semi-finished steel prices have seen an overall downward trend, while transaction activity in the market has been 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, ferrous metal futures prices have shown a downward trend, exerting a negative impact on semi-finished steel market. However, the inventory level in semi-finished steel market has decreased, providing certain support to semi-finished steel prices. Downstream users have been cautious in concluding purchases for semi-finished steel. It is expected that semi-finished steel prices in the Chinese domestic market will edge down slightly in the coming week.
|
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
Billet |
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
3.550 |
529 |
↓30 |
|
Jinzhong |
3.550 |
529 |
↓30 |
|||
|
Fuzhou |
3.690 |
550 |
↓20 |
|||
|
Jiangyin |
3.740 |
557 |
↓50 |
|||
|
Average price |
3.632 |
541 |
↓33 |
|||
|
Billet |
150 mm x 150 mm |
20 MnSi |
Tangshan |
3.650 |
544 |
↓30 |
|
Jinzhong |
3.650 |
544 |
↓30 |
|||
|
Fuzhou |
3.790 |
565 |
↓20 |
|||
|
Jiangyin |
3.860 |
575 |
↓50 |
|||
|
Average price |
3.744 |
558 |
↓26 |
|||
|
Slab |
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3.720 |
554 |
↓50 |
All prices are ex-warehouse and on actual weight basis and include 13 percent VAT.
$1 = RMB 6.71