During the week ending June 18, Chinese domestic semi-finished steel prices have mostly moved on a downward 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, demand for semi-finished steel in China has been slack as some rolling mills have cut their production activities due to shrinking profitability. Meanwhile, inventory levels of semi-finished steel have increased, exerting a negative impact on prices. It is expected that semi-finished steel prices in the Chinese market will soften further 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 |
3,420 |
494 |
↓90 |
|
Jinzhong |
3,420 |
494 |
↓60 |
|||
Fuzhou |
3,550 |
512 |
↓100 |
|||
Jiangyin |
3,600 |
519 |
0 |
|||
Average price |
3,498 |
505 |
↓63 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,520 |
508 |
↓90 |
|
Jinzhong |
3,520 |
508 |
↓60 |
|||
Fuzhou |
3,650 |
527 |
↓100 |
|||
Jiangyin |
3,720 |
537 |
0 |
|||
Average price |
3,603 |
520 |
↓63 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,400 |
491 |
↓100 |
All prices are ex-warehouse and on actual weight basis and include 13 percent VAT.
$1 = RMB 6.93
