Sentiment improves in local Chinese semi-finished steel market

Tuesday, 02 May 2017 14:22:41 (GMT+3)   |   Shanghai
       

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)

Billet

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

Billet

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


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