As of May 15, Chinese domestic billet prices have mostly decreased week on week, though billet prices in Jiangyin and Fuzhou have increased, while slab prices in Tangshan have softened slightly. 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, semi-finished steel prices edged down first but moved up later, though the price movements in question were small. Demand for semi-finished steel from downstream users has been at decent levels, while supply has been on the short side. Finished steel producers’ inventories of semi-finished steel have decreased due to consumption of their stocks. Meanwhile, rebar futures prices in China have rebounded in recent trading days, exerting a positive impact on semi-finished steel prices. It is thought that semi-finished steel prices in the Chinese domestic market will edge up slightly 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 |
3,590 |
564 |
↓10 |
|
Jinzhong |
3,550 |
558 |
↓10 |
|||
Fuzhou |
3,790 |
596 |
↑10 |
|||
Jiangyin |
3,900 |
613 |
↑40 |
|||
Average price |
3,708 |
583 |
↑8 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,710 |
583 |
↓10 |
|
Jinzhong |
3,670 |
577 |
↓10 |
|||
Fuzhou |
3,890 |
612 |
↑10 |
|||
Jiangyin |
4,000 |
629 |
↑40 |
|||
Average price |
3,818 |
600 |
↑8 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,830 |
602 |
↓20 |
All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
$1 = RMB 6.36
