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

3,580

524

-

Beijing

Shougang

3,400

498

-

Tangshan

Tangshan

3,550

520

-

Tianjin

Zhaobo

3,400

498

-

Guangzhou

Tongsteel

3,650

534

+50

Average

3,516

515

+10

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

3,520

515

-

Beijing

Xuangang

3,550

520

-

Tangshan

Tangshan

3,540

518

-10

Tianjin

Jiangtian

3,470

508

-

Guangzhou

Liusteel

3,750

549

+50

Average

3,566

522

+8

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

3,640

533

+60

Beijing

Laiwu

3,600

527

-

Tangshan

Tangshan

3,620

530

-

Tianjin

Haicheng

3,520

515

-

Guangzhou

Haicheng

3,800

556

+50

Average

3,636

532

+22