During the week ending September 13, domestic semi-finished steel prices in China have indicated an overall downtrend, while transaction activity in the overall market has been at low levels. Average prices of steel billet and slab in the local Chinese market are presented in the table below.
During the given week, finished steel prices have seen an overall downtrend, resulting in bearish sentiment prevailing in the market and dragging down semi-finished steel prices. Buyers have mostly maintained a wait-and-see stance, slackening transaction activities. Since Mid-Autumn Day holiday is approaching, demand will unlikely improve. It is thought that semi-finished steel prices in the local Chinese market will likely indicate a downward movement in the coming week.
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
12 mm x 12 mm |
Q195-Q235 |
Tangshan |
2,160 |
323 |
↓130 |
|
Jinzhong |
2,110 |
316 |
↓150 |
|||
Fuzhou |
2,280 |
341 |
↓40 |
|||
Jiangyin |
2,250 |
337 |
↓120 |
|||
Average price |
2,200 |
329 |
↓110 |
|||
12 mm x 12 mm |
20 MnSi |
Tangshan |
2,250 |
337 |
↓130 |
|
Jinzhong |
2,200 |
329 |
↓150 |
|||
Fuzhou |
2,360 |
353 |
↓40 |
|||
Jiangyin |
2,360 |
353 |
↓120 |
|||
Average price |
2,293 |
343 |
↓110 |
|||
250*1800*6000 |
Q235 |
Tangshan,Hebei |
2,330 |
349 |
↓50 |
The above prices include 17 percent VAT
$1 = RMB 6.68