The Chinese domestic steel section market has remained on a downward trend in the past seven days, with larger price decrease margins seen compared to the previous week.
In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $406/mt. The same product is sold at $331/mt in the Tangshan market and at $427/mt in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $395/mt in the Shanghai market, at $327/mt in Tangshan and at $435/mt in the Guangzhou market. In the Shanghai, Tangshan and Guangzhou markets, 250 mm x 118 mm x 10 m I-beam prices stand respectively at $390/mt, $337/mt and $424/mt. The prices are all ex-mill, including 17 percent VAT. Steel section prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
As for billet, prices in the Chinese domestic market have decreased during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 1,820/mt ($296/mt), the price of 165 x 225 mm rectangular billet stands at RMB 1,850/mt ($301/mt), while the price of 20MnSi billet is at around RMB 1,940/mt ($315/mt). The prices are all ex-mill, including 17 percent VAT.
Due to the rainy season, overall trading activity in the Chinese domestic steel section market has continued to slacken, with demand at sluggish levels. In addition, local steel section producers' have reduced their quoted prices, also due to the decreases seen in billet prices. As for the coming week, domestic steel section prices may continue to decrease given the decline in upstream costs.
| Product name | Spec. | Category | City | Steel plant/origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Angle | 1 mm x 1 mm x 5 mm | Q235 | Shanghai | Masteel | 2,520 | 406 | ↓80 |
| Beijing | Tangshan | 2,200 | 354 | ↓30 | |||
| Tangshan | Tangshan | 2,050 | 330 | ↓70 | |||
| Tianjin | Zhaobo | 2,430 | 391 | ↓100 | |||
| Guangzhou | Tongsteel | 2,650 | 427 | ↓30 | |||
| Average | - | 2,370 | 382 | ↓62 | |||
| Channel | 160 mm x 65 mm x 8.5 mm | Q235 | Shanghai | Masteel | 2,450 | 395 | ↓70 |
| Beijing | Xuangang | 2,220 | 357 | ↓30 | |||
| Tangshan | Tangshan | 2,030 | 327 | ↓90 | |||
| Tianjin | Jiangtian | 2,090 | 337 | ↓100 | |||
| Guangzhou | Liusteel | 2,700 | 435 | ↓70 | |||
| Average | - | 2,298 | 370 | ↓72 | |||
| I Beam | 21 mm x 118 mm x 10 mm | Q235 | Shanghai | Laiwu | 2,420 | 390 | ↓40 |
| Beijing | Laiwu | 2,260 | 364 | ↓30 | |||
| Tangshan | Tangshan | 2,090 | 337 | ↓70 | |||
| Tianjin | Haicheng | 2,280 | 367 | ↓80 | |||
| Guangzhou | Haicheng | 2,630 | 424 | ↓20 | |||
| Average | - | 2,336 | 376 | ↓48 |
The prices are on theoretical weight basis, all prices include 17 percent VAT and all prices are ex-warehouse.
$1 = RMB 6.21