Local Chinese semi-finished steel prices mostly increase

Tuesday, 16 October 2018 15:55:23 (GMT+3)   |   Shanghai
       

During the week ending October 16, Chinese domestic semi-finished steel prices have mostly increased, while 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, domestic semi-finished steel prices in China have mostly moved up. Blast furnaces’ capacity utilization rate has continued to edge up slightly, while downstream users have concluded purchases for replenishing their inventories after the long holiday. Meanwhile, ferrous metal futures prices have moved up in the given week, exerting a positive impact on semi-finished steel market. It is expected that semi-finished steel prices will likely edge up further 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

3.940

569

↑60

Jinzhong

3.900

564

↑70

Fuzhou

4.060

587

0

Jiangyin

4.250

614

↑100

Average price

4.038

583

↑58

Billet

150 mm x 150 mm

20 MnSi

Tangshan

4.060

587

↑60

Jinzhong

4.020

581

↑70

Fuzhou

4.160

601

0

Jiangyin

4.370

632

↑100

Average price

4.153

600

↑58

Slab

250*1800*6000

Q235

Tangshan, Hebei

3.880

561

↑50

 

All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
 
$1 = RMB 6.92 


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