During the week ending June 26, Chinese domestic semi-finished steel prices have decreased due to slack demand, 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, due to the influence of the Dragon Boat Festival (June 16-18) and strict environmental protection measures, demand in the domestic semi-finished steel market has been slack, dragging down semi-finished steel prices. Meanwhile, ferrous metal futures prices have softened, negatively affecting semi-finished steel prices. Bearish sentiment currently prevails in the semi-finished steel market. It is thought that domestic semi-finished steel prices in China will likely edge down 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 |
3,590 |
546 |
↓100 |
|
Jinzhong |
3,530 |
537 |
↓100 |
|||
Fuzhou |
3,830 |
583 |
↓60 |
|||
Jiangyin |
3,850 |
586 |
↓130 |
|||
Average price |
3,700 |
563 |
↓98 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,710 |
565 |
↓100 |
|
Jinzhong |
3,650 |
556 |
↓100 |
|||
Fuzhou |
3,930 |
598 |
↓60 |
|||
Jiangyin |
3,950 |
601 |
↓130 |
|||
Average price |
3,810 |
580 |
↓98 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,850 |
586 |
↓100 |
All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
$1 = RMB 6.57
