Local Chinese semi-finished steel prices edge down

Tuesday, 30 July 2019 14:40:03 (GMT+3)   |   Shanghai
       

During the week ending July 30, Chinese domestic semi-finished steel prices have 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, semi-finished steel prices in China have declined as demand has slackened amid the current hot weather conditions. Meanwhile, inventories in the semi-finished steel market are at low levels, which will bolster semi-finished steel prices to some extent. It is expected that semi-finished steel prices in the Chinese domestic market will fluctuate within a limited range in the coming week.

Product Name

Spec.

Category

City

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Billet

150 mm x 150 mm

Q195-Q235

Tangshan

3,640

529

↓20

Jinzhong

3,640

529

↓20

Fuzhou

3,660

532

↓70

Jiangyin

3,700

538

↓40

Average price

3,660

532

↓38

Billet

150 mm x 150 mm

20 MnSi

Tangshan

3,740

544

↓20

Jinzhong

3,740

544

↓20

Fuzhou

3,760

547

↓70

Jiangyin

3,820

555

↓40

Average price

3,765

547

↓38

Slab

250*1800*6000

Q235

Tangshan, Hebei

3,530

513

↓70

 

All prices are ex-warehouse and on actual weight basis and include 13 percent VAT. 

$1 = RMB 6.88


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