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