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

3,480

510

+30

Beijing

Shougang

3,350

490

-

Tangshan

Tangshan

3,520

515

+80

Tianjin

Zhaobo

3,350

490

+50

Guangzhou

Tongsteel

3,600

527

+100

Average

3,460

507

+52

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

3,450

505

-

Beijing

Xuangang

3,500

512

-50

Tangshan

Tangshan

3,480

510

+60

Tianjin

Jiangtian

3,400

498

+40

Guangzhou

Liusteel

3,550

520

-

Average

3,476

509

+10

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

3,550

520

+20

Beijing

Laiwu

3,500

512

-

Tangshan

Tangshan

3,560

521

+80

Tianjin

Haicheng

3,450

505

-

Guangzhou

Haicheng

3,700

542

+20

Average

3,552

520

+24