Most Chinese domestic steel section prices rise slightly

Monday, 01 March 2021 16:45:54 (GMT+3)   |   Shanghai
       

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


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