During the week ending March 5, Chinese domestic semi-finished steel prices have mostly indicated an upward trend, 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, semi-finished steel prices in China have mostly edged upwards as demand from downstream users has improved, while optimism prevails in the market as regards the future prospects for the price trend as the traditional peak season for business is approaching. However, the ongoing rainy weather will continue to negatively impact the semi-finished steel market to some extent. It is expected that semi-finished steel prices in the Chinese domestic market will move up slightly in the coming week.
Product Name |
Spec. |
Category |
City |
Price (RMB/m,t) |
Price ($/mt) |
Weekly Change (RMB/mt) |
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
3,510 |
524 |
↑50 |
|
Jinzhong |
3,510 |
524 |
↑50 |
|||
Fuzhou |
3,650 |
545 |
↑20 |
|||
Jiangyin |
3,640 |
543 |
↓30 |
|||
Average price |
3,578 |
534 |
↑23 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,610 |
539 |
↑50 |
|
Jinzhong |
3,610 |
539 |
↑50 |
|||
Fuzhou |
3,750 |
560 |
↑20 |
|||
Jiangyin |
3,760 |
561 |
↓30 |
|||
Average price |
3,683 |
550 |
↑23 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,640 |
543 |
↑40 |
All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
$1 = RMB 6.70
