During the week ending August 28, Chinese domestic semi-finished steel prices have decreased, 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, following quick rises in semi-finished steel prices, downstream users have been unwilling to accept the further rises, which resulted in downward corrections in semi-finished steel prices. Meanwhile, most regions in China have issued strict environmental protection policy, which negatively affected the production of rolling mills, lowering demand for semi-finished steel. It is expected that semi-finished steel prices in the Chinese domestic market will edge down further in the coming week.
|
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
|
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
4,060 |
597 |
↓50 |
|
|
Jinzhong |
4,300 |
632 |
↓50 |
|||
|
Fuzhou |
4,210 |
619 |
↓10 |
|||
|
Jiangyin |
4,020 |
591 |
↓30 |
|||
|
Average price |
4,148 |
610 |
↓35 |
|||
|
150 mm x 150 mm |
20 MnSi |
Tangshan |
4,180 |
615 |
↓50 |
|
|
Jinzhong |
4,140 |
609 |
↓30 |
|||
|
Fuzhou |
4,310 |
634 |
↓10 |
|||
|
Jiangyin |
4,420 |
650 |
↓50 |
|||
|
Average price |
4,262 |
627 |
↓35 |
|||
|
250*1800*6000 |
Q235 |
Tangshan, Hebei |
4,190 |
616 |
↓60 |
All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
$1 = RMB 6.80