During the week ending June 4, Chinese domestic semi-finished steel prices have moved on an overall downtrend, while transaction activity in the market has been at low levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, finished steel prices in the Chinese domestic market have edged down, exerting a negative impact on semi-finished steel prices as rolling mills have been unwilling to produce and lower the purchasing activities for semi-finished steel. Currently, the hot weather has hit China, which will slacken the demand for semi-finished steel. Meanwhile, the iron ore prices have edged down, negatively affecting the semi-finished steel prices. It is expected that semi-finished steel prices in the Chinese market will edge down 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 |
3,540 |
512 |
↓80 |
|
|
Jinzhong |
3,560 |
515 |
↓60 |
|||
|
Fuzhou |
3,700 |
535 |
↓70 |
|||
|
Jiangyin |
3,620 |
524 |
↓120 |
|||
|
Average price |
3,605 |
522 |
↓83 |
|||
|
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,640 |
527 |
↓80 |
|
|
Jinzhong |
3,660 |
530 |
↓60 |
|||
|
Fuzhou |
3,800 |
550 |
↓70 |
|||
|
Jiangyin |
3,740 |
541 |
↓120 |
|||
|
Average price |
3,710 |
537 |
↓83 |
|||
|
Slab |
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,550 |
514 |
↓150 |
All prices are ex-warehouse and on actual weight basis and include 13 percent VAT.
$1 = RMB 6.91