Local Chinese semi-finished steel prices move up

Tuesday, 25 June 2019 16:27:23 (GMT+3)   |   Shanghai
       

During the week ending June 25, Chinese domestic semi-finished steel prices have moved on an upward trend, while transaction activity in the market has been at low-to-medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.

During the given week, supported by the rises seen in rebar futures prices and iron ore prices, domestic semi-finished steel prices have also increased. Supply of semi-finished steel has risen amid slackened demand. However, rolling mills are expected to step up their purchases of semi-finished steel as some of them are foreseen to increase their capacity utilization rates. It is thought that semi-finished steel prices in China will likely move up further in the coming week.

Product Name

Spec.

Category

City

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Billet

150 mm x 150 mm

Q195-Q235

Tangshan

3,600

523

↑180

Jinzhong

3,600

523

↑180

Fuzhou

3,620

526

↑70

Jiangyin

3,790

551

↑190

Average price

3,653

531

↑155

Billet

150 mm x 150 mm

20 MnSi

Tangshan

3,700

538

↑180

Jinzhong

3,700

538

↑180

Fuzhou

3,720

541

↑70

Jiangyin

3,910

568

↑190

Average price

3,758

546

↑155

Slab

250*1800*6000

Q235

Tangshan, Hebei

3,570

519

↑170

All prices are ex-warehouse and on actual weight basis and include 13 percent VAT.

$1 = RMB 6.88


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