Chinese domestic steel section prices have increased slightly during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a slightly upward trend during past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,060/mt ($430/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,080/mt ($433/mt), while the price of 20MnSi billet is at around RMB 3,160/mt ($444/mt). The prices are all ex-mill, including 13 percent VAT.
Mainstream ex-China H-beam section steel offer prices from the ports of Shanghai or Tianjin stand at $493-538/mt FOB as of today, Monday, September 22, up by a small margin compared to September 15.
Overall trading activity in the domestic steel section has increased and is at normal levels, while prices have increased a little, supported by some improvement in demand and by upticks in steel billet prices. As for the week ahead, it is believed that steel section prices may increase by small margins ahead of the National Day holiday as buyers may decide to increase their stock levels.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
3,440 |
0 |
484 |
0 |
Beijing |
3,260 |
+40 |
458 |
+5 |
||
Tangshan |
3,350 |
+30 |
471 |
+4 |
||
Tianjin |
3,120 |
+60 |
439 |
+8 |
||
Guangzhou |
3,530 |
+20 |
496 |
+2 |
||
Average price |
3,340 |
+30 |
470 |
+4 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
3,580 |
+20 |
503 |
+2 |
Beijing |
3,230 |
+40 |
454 |
+5 |
||
Tangshan |
3,330 |
+30 |
468 |
+4 |
||
Tianjin |
3,120 |
+60 |
439 |
+8 |
||
Guangzhou |
3,490 |
+40 |
491 |
+5 |
||
Average price |
3,350 |
+38 |
471 |
+5 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,500 |
0 |
492 |
0 |
Beijing |
3,320 |
+40 |
467 |
+5 |
||
Tangshan |
3,480 |
+50 |
489 |
+7 |
||
Tianjin |
3,200 |
+60 |
450 |
+8 |
||
Guangzhou |
3,650 |
+40 |
513 |
+5 |
||
Average price |
3,430 |
+38 |
482 |
+5 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.111
Product Name |
Category |
Specification |
Port |
FOB Price(USD) |
Rise & Fall (USD) |
H beam |
Q235B |
200*200*8*12 |
Tianjin |
493 |
+5 |
Q235B |
600*200*11*17 |
Tianjin |
518 |
+5 |
|
SS400 |
200*200*8*12 |
Tianjin |
498 |
+5 |
|
SS400 |
600*200*11*17 |
Tianjin |
523 |
+5 |
|
S275JR |
HEA200 |
Tianjin |
508 |
+5 |
|
A36 |
W8*31 |
Tianjin |
508 |
+5 |
|
A36 |
W12*65 |
Tianjin |
523 |
+5 |
|
A36 |
W12*65 |
Shanghai |
533 |
+5 |
|
Q355B |
200*200*8*12 |
Tianjin |
528 |
+5 |
|
Q355B |
200*200*8*12 |
Shanghai |
538 |
+5 |