As of May 29, Chinese domestic semi-finished steel prices have decreased slightly on week-on-week basis, while transaction activity in the domestic semi-finished steel market has been at medium levels in the past week. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, domestic semi-finished steel prices first moved down, while edging up later, though they have declined slightly when compared to one week ago. The increase later in the week was due to the rebound seen in rebar futures prices. Some semi-finished steel producers have been incurring losses, causing them to carry out maintenance works, thereby resulting in reduced supply, which provides support for prices. It is expected that semi-finished steel prices in the Chinese domestic market will move upwards 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 |
3,620 |
564 |
↓20 |
|
Jinzhong |
3,570 |
556 |
↓30 |
|||
Fuzhou |
3,780 |
589 |
↓10 |
|||
Jiangyin |
3,880 |
604 |
↓20 |
|||
Average price |
3,713 |
578 |
↓20 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,740 |
583 |
↓20 |
|
Jinzhong |
3,690 |
575 |
↓30 |
|||
Fuzhou |
3,880 |
604 |
↓10 |
|||
Jiangyin |
3,980 |
620 |
↓20 |
|||
Average price |
3,823 |
595 |
↓20 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,800 |
592 |
↓40 |
All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
$1 = RMB 6.42
