Local Chinese semi-finished steel prices rise slightly

Tuesday, 15 January 2019 14:56:34 (GMT+3)   |   Shanghai
       

During the week ending January 15, Chinese domestic semi-finished steel prices have mostly indicated a slight increase, 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, some players in the domestic semi-finished steel market have started to build up inventories for the winter season, resulting in better demand against the background of tightness on the supply side. At the same time, inventories of semi-finished steel are at relatively low levels, bolstering semi-finished steel prices. It is expected that semi-finished steel prices in the Chinese domestic market will likely edge up in the coming week due to the anticipated further replenishment of inventories.

Product Name

Spec.

Category

City

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Billet

150 mm x 150 mm

Q195-Q235

Tangshan

3,380

500

0

Jinzhong

3,410

504

↑40

Fuzhou

3,620

536

↑50

Jiangyin

3,540

524

↑10

Average price

3,488

516

↑25

Billet

150 mm x 150 mm

20 MnSi

Tangshan

3,480

515

0

Jinzhong

3,510

519

↑40

Fuzhou

3,720

550

↑50

Jiangyin

3,660

541

↑10

Average price

3,593

531

↑25

Slab

250*1800*6000

Q235

Tangshan, Hebei

3,350

496

0

 

All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.

$1 = RMB 6.76


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