Local Chinese semi-finished steel prices mostly follow upward trend

Tuesday, 26 February 2019 13:54:27 (GMT+3)   |   Shanghai
       

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)

Billet

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

Billet

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

Slab

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


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