During the week ending September 11, Chinese domestic semi-finished steel prices have mostly increased, 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, blast furnaces’ capacity utilization rates in China have increased, resulting in greater supply of semi-finished steel. At the same time, demand for semi-finished steel has improved. However, blast furnaces’ capacity utilization rates will be negatively affected by environmental protection measures, which will reduce the supply of semi-finished steel. It is expected that domestic semi-finished steel prices 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 |
4,110 |
599 |
↑130 |
|
Jinzhong |
4,070 |
593 |
↑130 |
|||
Fuzhou |
4,140 |
603 |
↓10 |
|||
Jiangyin |
4,320 |
630 |
↑20 |
|||
Average price |
4,160 |
606 |
↑67 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
4,230 |
617 |
↑130 |
|
Jinzhong |
4,190 |
611 |
↑130 |
|||
Fuzhou |
4,240 |
618 |
↓10 |
|||
Jiangyin |
4,440 |
647 |
↑20 |
|||
Average price |
4,275 |
623 |
↑67 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
4,130 |
602 |
↓20 |
All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
$1 = RMB 6.86
