During the week ending February 26, Chinese domestic semi-finished steel prices have mostly indicated an upward 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 mostly increased due to the improvement seen in demand from downstream users. Inventories of semi-finished steel held by downstream users have been at relatively high levels, resulting in a negative impact on transaction activities for semi-finished steel. It is expected that semi-finished steel prices in the Chinese domestic market will move up in the coming week amid positive sentiment in the market
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
3,460 |
516 |
↑60 |
|
Jinzhong |
3,460 |
516 |
↑40 |
|||
Fuzhou |
3,630 |
542 |
↑30 |
|||
Jiangyin |
3,670 |
548 |
0 |
|||
Average price |
3,555 |
531 |
↑33 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,560 |
531 |
↑60 |
|
Jinzhong |
3,560 |
531 |
↑40 |
|||
Fuzhou |
3730 |
557 |
↑30 |
|||
Jiangyin |
3,790 |
566 |
0 |
|||
Average price |
3,660 |
546 |
↑33 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,600 |
537 |
↑50 |
All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
$1 = RMB 6.70