Significant declines in local Chinese semi-finished steel prices

Tuesday, 13 November 2018 17:49:26 (GMT+3)   |   Shanghai
       

During the week ending November 13, Chinese domestic semi-finished steel prices have indicated significant declines, while transaction activity in the market has been at low-to-medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.

During the given week, rebar futures prices at Shanghai Futures Exchange (SHFE) have moved down, exerting a negative impact on domestic semi-finished steel prices. Meanwhile, capacity utilization rates of blast furnaces in China have risen slightly, resulting in increased semi-finished steel supply. The mood among downstream users is cautious at present. It is thought that semi-finished steel prices in the Chinese domestic market will soften slightly 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

3,690

531

↓200

Jinzhong

3,650

525

↓200

Fuzhou

3,900

561

↓170

Jiangyin

3,910

563

↓290

Average price

3,788

545

↓215

Billet

150 mm x 150 mm

20 MnSi

Tangshan

3,790

545

↓200

Jinzhong

3,770

542

↓200

Fuzhou

4,000

576

↓170

Jiangyin

4,030

580

↓290

Average price

3,898

561

↓215

Slab

250*1800*6000

Q235

Tangshan, Hebei

3,730

537

↓120

All prices are ex-warehouse and on actual weight basis and include 16 percent VAT.
 
$1 = RMB 6.95


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