Section steel prices in local Chinese market

Product Name

Specification

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

3,460

507

-100

Beijing

Shougang

3,550

520

-

Tangshan

Tangshan

3,550

520

+80

Tianjin

Zhaobo

3,450

505

-

Guangzhou

Tongsteel

3,650

534

+50

Average

3,532

517

+6

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

3,500

512

-100

Beijing

Xuangang

3,600

527

-100

Tangshan

Tangshan

3,500

512

+70

Tianjin

Jiangtian

3,460

507

+20

Guangzhou

Liusteel

3,650

534

-

Average

3,542

519

-22

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

3,600

527

-20

Beijing

Laiwu

3,650

534

-

Tangshan

Tangshan

3,630

531

-10

Tianjin

Haicheng

3,550

520

-

Guangzhou

Haicheng

3,700

542

+50

Average

3,626

531

+4