Local Chinese semi-finished steel prices mostly move upwards

Tuesday, 21 May 2019 13:46:20 (GMT+3)   |   Shanghai
       

During the week ending May 21, Chinese domestic semi-finished steel prices have mostly indicated an upward trend, 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, semi-finished steel prices in the Chinese market edged down initially but moved up later in the week due to increases in rebar futures prices in China. Supplies of semi-finished steel have increased, while inventories in the market are at relatively low levels, providing some support for semi-finished steel prices. At the same time, downstream users are still seeking to purchase semi-finished steel. It is thought that semi-finished steel prices in the Chinese domestic market will likely increase 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

3,580

518

↑50

Jinzhong

3,570

517

↑40

Fuzhou

3,750

543

↑10

Jiangyin

3,700

535

0

Average price

3,650

528

↑25

Billet

150 mm x 150 mm

20 MnSi

Tangshan

3,680

533

↑50

Jinzhong

3,670

531

↑40

Fuzhou

3,850

557

↑10

Jiangyin

3,820

553

0

Average price

3,755

543

↑25

Slab

250*1800*6000

Q235

Tangshan, Hebei

3,700

535

0

 

All prices are ex-warehouse and on actual weight basis and include 13 percent VAT.

$1 = RMB 6.91


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