Local Chinese semi-finished steel market follows a downward trend

Tuesday, 27 March 2018 16:39:04 (GMT+3)   |   Shanghai
       

As of March 27, Chinese domestic semi-finished steel prices have moved down significantly week on week, while transaction activity in the market has been at low levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.

During the given week, rolling mills in China have continued to reduce production, resulting in lower demand for semi-finished steel. In addition, domestic finished steel prices have decreased significantly over the past week, exerting a negative impact on semi-finished steel prices. As for the coming week, some finished steel producers will likely increase production, which will boost consumption of semi-finished steel and provide support for semi-finished steel prices. It is expected that semi-finished steel prices will continue their declining trend in the coming, but at a slower pace.

Product Name

Spec.

Category

City

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Billet

150 mm x 150 mm

Q195-Q235

Tangshan

3,330

530

↓230

Jinzhong

3,260

519

↓260

Fuzhou

3,550

565

↓180

Jiangyin

3,620

576

↓130

Average price

3,440

548

↓200

Billet

150 mm x 150 mm

20 MnSi

Tangshan

3,450

549

↓230

Jinzhong

3,380

538

↓260

Fuzhou

3,650

581

↓180

Jiangyin

3,720

592

↓130

Average price

3,550

565

↓200

Slab

250*1800*6000

Q235

Tangshan, Hebei

3,810

607

↓90

 

All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
 
$1 = RMB 6.28


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