The Chinese domestic steel section market has moved on a slight downtrend in the past week.
In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $366/mt. The same product is sold at $321/mt in the Tangshan market and at $403/mt in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $356/mt in the Shanghai market, at $316/mt in Tangshan and at $397/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 $354/mt, $320/mt and $411/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 continued their soft trend during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 1,710/mt ($269/mt), the price of 165 x 225 mm rectangular billet stands at RMB 1,740/mt ($274/mt), while the price of 20MnSi billet is at around RMB 1,830/mt ($288/mt). The prices are all ex-mill, including 17 percent VAT.
The local Chinese steel section market has seen smaller decreases in the past week compared to the previous week, while trading activity in the market has remained at low levels. Production restrictions are being implemented in northern China due to military parades, while demand in the market is unlikely to improve despite the slight reductions in traders’ prices. Further slight declines in prices are expected to be seen in the coming week.
| Product name | Spec. | Category | City | Steel plant/origin | Price (RMB/mt) | Price ($/mt) | Weekly change (RMB/mt) |
| Angle | 1 mm x 1 mm x 5 mm | Q235 | Shanghai | Masteel | 2,310 | 362 | ↓20 |
| Beijing | Tangshan | 2,140 | 335 | ↓20 | |||
| Tangshan | Tangshan | 2,030 | 318 | ↑10 | |||
| Tianjin | Zhaobo | 2,300 | 361 | 0 | |||
| Guangzhou | Tongsteel | 2,550 | 400 | ↓40 | |||
| Average | - | 2,266 | 355 | ↓14 | |||
| Channel | 160 mm x 65 mm x 8.5 mm | Q235 | Shanghai | Masteel | 2,250 | 353 | ↓20 |
| Beijing | Xuangang | 2,180 | 342 | ↓20 | |||
| Tangshan | Tangshan | 2,000 | 313 | ↓10 | |||
| Tianjin | Jiangtian | 2,050 | 321 | ↓20 | |||
| Guangzhou | Liusteel | 2,510 | 393 | ↓20 | |||
| Average | - | 2,198 | 345 | ↓18 | |||
| I Beam | 21 mm x 118 mm x 10 mm | Q235 | Shanghai | Laiwu | 2,240 | 351 | ↓20 |
| Beijing | Laiwu | 2,220 | 348 | ↓20 | |||
| Tangshan | Tangshan | 2,020 | 317 | ↓10 | |||
| Tianjin | Haicheng | 2,140 | 335 | ↓10 | |||
| Guangzhou | Haicheng | 2,600 | 408 | ↓20 | |||
| Average | - | 2,244 | 352 | ↓16 |
The prices are on theoretical weight basis, all prices include 17 percent VAT and all prices are ex-warehouse.
$1 = RMB 6.38