Chinese domestic steel section prices have mostly risen by a slight margin during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have indicated minor increases during the past seven days. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 4,330/mt ($669/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,350/mt ($672/mt), while the price of 20MnSi billet is at around RMB 4,430/mt ($684/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the Chinese domestic steel section market is still at weak levels since the downstream side has not fully recovered and as prices have increased strongly after the New Year holiday. Upstream billet prices have risen slightly, which is the main reason why most steel section prices have increased. However, since demand has remained weak and raw material prices have recently indicated a minor softening, certain types of steel sections have indicated slight fluctuations. As for the week ahead, considering that demand will increase slowly, it is believed that steel section prices may fluctuate at the current high prices.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
4,910 |
60 |
758 |
7 |
Beijing |
4,440 |
20 |
686 |
1 |
||
Tangshan |
4,720 |
30 |
729 |
3 |
||
Tianjin |
4,460 |
0 |
689 |
-2 |
||
Guangzhou |
5,130 |
50 |
792 |
5 |
||
Average price |
4,732 |
32 |
731 |
3 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,840 |
70 |
747 |
9 |
Beijing |
4,430 |
0 |
684 |
-2 |
||
Tangshan |
4,730 |
-50 |
731 |
-10 |
||
Tianjin |
4,460 |
0 |
689 |
-2 |
||
Guangzhou |
5,220 |
50 |
806 |
5 |
||
Average price |
4,736 |
14 |
731 |
0 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
4,840 |
60 |
747 |
7 |
Beijing |
4,460 |
0 |
689 |
-2 |
||
Tangshan |
4,790 |
-50 |
740 |
-10 |
||
Tianjin |
4,460 |
0 |
689 |
-2 |
||
Guangzhou |
5,200 |
50 |
803 |
5 |
||
Average price |
4,750 |
12 |
734 |
-0 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.475