During the week ending September 4, Chinese domestic semi-finished steel prices have mostly decreased, while transaction activity in the market has been at low-to-medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, steelmakers in northern China have gradually resumed production as special energy conservation and emissions reduction measures have ended, resulting in increased semi-finished steel supply to the spot market. Meanwhile, demand from downstream users, who have been unwilling to conclude purchases of semi-finished steel, has remained slack. 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) |
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
3,980 |
582 |
↓80 |
|
Jinzhong |
3,940 |
576 |
↓80 |
|||
Fuzhou |
4,150 |
607 |
↓60 |
|||
Jiangyin |
4,300 |
629 |
0 |
|||
Average price |
4,093 |
598 |
↓55 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
4,100 |
599 |
↓80 |
|
Jinzhong |
4,060 |
594 |
↓80 |
|||
Fuzhou |
4,250 |
621 |
↓60 |
|||
Jiangyin |
4,420 |
646 |
0 |
|||
Average price |
4,208 |
615 |
↓55 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
4,150 |
607 |
↓40 |
All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
$1 = RMB 6.84
