During the week ending July 2, Chinese domestic semi-finished steel prices have mostly moved on an upward trend, 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, production restriction measures in China have exerted a positive impact on the domestic finished steel market and on ferrous metal futures prices in China, providing support for domestic semi-finished steel prices to move upwards. Following the rapid rises seen in semi-finished steel prices, market players have started to become more cautious about the prospects for the price trend in the coming period. It is expected that semi-finished steel prices in the Chinese domestic market will edge up slightly in the week ahead.
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
3,700 |
538 |
↑100 |
|
Jinzhong |
3,700 |
538 |
↑100 |
|||
Fuzhou |
3,620 |
526 |
0 |
|||
Jiangyin |
3,860 |
561 |
↑70 |
|||
Average price |
3,720 |
541 |
↑68 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,800 |
552 |
↑100 |
|
Jinzhong |
3,800 |
552 |
↑100 |
|||
Fuzhou |
3,720 |
541 |
0 |
|||
Jiangyin |
3,980 |
578 |
↑70 |
|||
Average price |
3,825 |
556 |
↑68 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,660 |
532 |
↑90 |
All prices are ex-warehouse and on actual weight basis and include 13 percent VAT.
$1 = RMB 6.88