Local Chinese semi-finished steel prices follow diverse trends

Tuesday, 22 January 2019 15:21:24 (GMT+3)   |   Shanghai
       

During the week ending January 22, Chinese domestic semi-finished steel prices have mostly increased slightly, though indicating declines in Fuzhou in Fujian Province and sideways movement in Jiangyin. In the given week, transaction activity in the market has been at medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.

During the given week, supply of semi-finished steel in China has seen some increases, though demand has not shown any improvement, resulting in slight decreases in Fuzhou in Fujian Province. However, inventories of semi-finished steel are at relatively low levels, providing support for prices. Some downstream users have been willing to build up stocks. It is expected that semi-finished steel prices in the Chinese domestic market will edge down slightly in the coming week due to the slackening of stock replenishment.

Product Name

Spec.

Category

City

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Billet

150 mm x 150 mm

Q195-Q235

Tangshan

3,430

504

↑50

Jinzhong

3,420

502

↑10

Fuzhou

3,580

526

↓40

Jiangyin

3,540

520

0

Average price

3,493

513

↑5

Billet

150 mm x 150 mm

20 MnSi

Tangshan

3,530

518

↑50

Jinzhong

3,520

517

↑10

Fuzhou

3,680

540

↓40

Jiangyin

3,660

537

0

Average price

3,598

528

↑5

Slab

250*1800*6000

Q235

Tangshan, Hebei

3,410

501

↑60

 

All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.

$1 = RMB 6.81


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