Chinese domestic steel section prices have mostly fallen slightly during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have moved down a little during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,440/mt ($494/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,460/mt ($497/mt), while the price of 20MnSi billet is at around RMB 3,540/mt ($508/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market is still slack overall, while the softening in upstream prices has caused most traders to reduce prices again. Some rebounds in finished steel prices at the beginning of last week encouraged some traders to keep their prices stable. As for the week ahead, considering demand is still weak and that billet prices may decline again, it is believed that steel section prices may again show a slight softening.
|
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
|
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
4,140 |
-90 |
594 |
-17 |
|
Beijing |
3,590 |
-60 |
515 |
-12 |
||
|
Tangshan |
3,760 |
-10 |
540 |
-5 |
||
|
Tianjin |
3,460 |
-30 |
497 |
-8 |
||
|
Guangzhou |
4,230 |
-40 |
607 |
-10 |
||
|
Average price |
3,836 |
-46 |
551 |
-11 |
||
|
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,040 |
-40 |
580 |
-10 |
|
Beijing |
3,610 |
-60 |
518 |
-12 |
||
|
Tangshan |
3,720 |
0 |
534 |
-4 |
||
|
Tianjin |
3,540 |
-30 |
508 |
-8 |
||
|
Guangzhou |
4,260 |
-20 |
612 |
-7 |
||
|
Average price |
3,834 |
-30 |
550 |
-8 |
||
|
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,910 |
-70 |
561 |
-14 |
|
Beijing |
3,700 |
-60 |
531 |
-12 |
||
|
Tangshan |
3,880 |
-30 |
557 |
-8 |
||
|
Tianjin |
3,720 |
0 |
534 |
-4 |
||
|
Guangzhou |
4,280 |
0 |
615 |
-4 |
||
|
Average price |
3,898 |
-32 |
560 |
-9 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.965