During the week ending October 30, Chinese domestic semi-finished steel prices have followed diverse trends, 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 supply to the domestic market has shrunk somewhat, bolstering prices to some extent, though demand from downstream users has not shown any significant improvement. Meanwhile, production cuts for the autumn and winter season have not been implemented yet. Sentiment regarding the future prospects for the domestic semi-finished steel market is mostly positive. It is expected that semi-finished steel prices in the Chinese market will move sideways 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 |
3,990 |
573 |
↑10 |
|
|
Jinzhong |
3,930 |
565 |
0 |
|||
|
Fuzhou |
4,080 |
586 |
↑10 |
|||
|
Jiangyin |
4,250 |
611 |
↓20 |
|||
|
Average price |
4,063 |
584 |
0 |
|||
|
150 mm x 150 mm |
20 MnSi |
Tangshan |
4,090 |
588 |
↑10 |
|
|
Jinzhong |
4,050 |
582 |
0 |
|||
|
Fuzhou |
4,180 |
601 |
↑10 |
|||
|
Jiangyin |
4,370 |
628 |
↓20 |
|||
|
Average price |
4,173 |
599 |
0 |
|||
|
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,880 |
557 |
0 |
All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
$1 = RMB 6.96