During the week ending May 2, Chinese domestic semi-finished steel prices have indicated significant increases, while transaction activity in the market has improved and is now at medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, ongoing rises in Chinese ferrous metal futures prices have helped to push up domestic semi-finished steel prices against a backdrop of low inventories of semi-finished products. Market sentiment has also improved. It is expected that semi-finished steel prices in the Chinese domestic market will move up further in the coming week.
Product Name | Spec. | Category | City | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
150 mm x 150 mm | Q195-Q235 | Tangshan | 2,980 | 433 | ↑160 | |
Jinzhong | 3,000 | 435 | ↑300 | |||
Fuzhou | 3,150 | 457 | ↑250 | |||
Jiangyin | 3,200 | 464 | ↑300 | |||
Average price | 3,083 | 447 | ↑253 | |||
150 mm x 150 mm | 20 MnSi | Tangshan | 3,080 | 447 | ↑160 | |
Jinzhong | 3,120 | 453 | ↑330 | |||
Fuzhou | 3,250 | 472 | ↑250 | |||
Jiangyin | 3,320 | 482 | ↑300 | |||
Average price | 3,193 | 463 | ↑260 | |||
Slab | 250*1800*6000 | Q235 | Tangshan, Hebei | 2,950 | 428 | ↑100 |
All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
$1 = RMB 6.89