Prices fluctuate in Chinese domestic steel section market

Monday, 20 March 2017 17:25:20 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have increased compared to one week ago.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $555/mt (RMB 3,830/mt). The same product is sold at $538/mt (RMB 3,710/mt) in the Tangshan market and at $570/mt (RMB 3,930/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $549/mt (RMB 3,790/mt) in the Shanghai market, at $536/mt (RMB 3,700/mt) in Tangshan and at $562/mt (RMB 3,880/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 $559/mt (RMB 3,860/mt), $539/mt (RMB 3,720/mt) and $620/mt (RMB 4,280/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 risen slightly during the past seven days. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,310/mt ($480/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,340/mt ($484/mt), while the price of 20MnSi billet is at around RMB 3,430/mt ($497/mt). The prices are all ex-mill, including 17 percent VAT.

Chinese domestic steel section prices first moved up during the past week due to improved trading activity and higher billet prices, but then started to soften during the latter part of the week as downstream buyers were unwilling to accept the higher prices. With producers' costs still at high levels, the room for further downward movement of prices is considered to be limited. Traders will likely continue to offer discounts in order to attract business. For the coming week, the market is expected to indicate just minor fluctuations in prices.

 

Product name

Spec.

Category

City 

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Angle

50 mm x 50 mm x 5 mm

Q235 

Shanghai

Masteel

3,830

555

10

Beijing

Shougang

3,390

491

60

Tangshan

Tangshan

3,710

538

160

Tianjin

Zhaobo

3,430

497

130

Guangzhou

Tongsteel

3,930

570

60

Average

 -

3,658

530

84

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

3,790

549

10

Beijing

Shagang

3,430

497

80

Tangshan

Tangshan

3,700

536

120

Tianjin

Tianjin

3,390

491

80

Guangzhou

Guangzhou

3,880

562

50

Average

 -

3,638

527

68

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

3,860

559

20

Beijing

Laiwu

3,420

496

20

Tangshan 

Tangshan

3,720

539

60

Tianjin

Haicheng

3,430

497

30

Guangzhou

Haicheng

4,280

620

10

Average

 -

3,742

542

28

 $1 = RMB 6.90


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