Chinese domestic steel section prices have followed a downward trend during the past seven days.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a sharp upward trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,100/mt ($437/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,120/mt ($440/mt), while the price of 20MnSi billet is at around RMB 3,200/mt ($451/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market is on the weak side, having slackened since steel prices have continued to decline amid weaker prices of billet and other raw materials. As for the week ahead, considering support from macroeconomic policy is not as strong as desired, it is believed that steel section prices may decrease again but by smaller margins.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
3,630 |
-100 |
511 |
-16 |
Beijing |
3,320 |
-170 |
468 |
-26 |
||
Tangshan |
3,440 |
-170 |
485 |
-26 |
||
Tianjin |
3,230 |
-120 |
455 |
-19 |
||
Guangzhou |
3,690 |
-180 |
520 |
-27 |
||
Average price |
3,462 |
-148 |
488 |
-23 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
3,640 |
-120 |
513 |
-19 |
Beijing |
3,310 |
-170 |
466 |
-26 |
||
Tangshan |
3,430 |
-170 |
483 |
-26 |
||
Tianjin |
3,190 |
-140 |
449 |
-21 |
||
Guangzhou |
3,680 |
-180 |
518 |
-27 |
||
Average price |
3,450 |
-156 |
486 |
-24 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,680 |
-100 |
518 |
-16 |
Beijing |
3,450 |
-170 |
486 |
-26 |
||
Tangshan |
3,560 |
-150 |
502 |
-23 |
||
Tianjin |
3,320 |
-90 |
468 |
-14 |
||
Guangzhou |
3,910 |
-100 |
551 |
-16 |
||
Average price |
3,584 |
-122 |
505 |
-19 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.098
