In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $585/mt. The same product is sold at $567/mt in the Tangshan market and at $613/mt in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $585/mt in the Shanghai market, at $571/mt in Tangshan and at $618/mt in the Guangzhou market. In the Shanghai, Tangshan and Guangzhou markets, 250 mm x 118 mm x 10 m I-beam prices stand respectively at $594/mt, $593/mt and $623/mt. The prices are all ex-mill, including 17 percent VAT. Average steel section prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
As for billet, prices in the Chinese market moved on a slight upward trend during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,260/mt ($517/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,290/mt ($521mt), while the price of 20MnSi billet is around RMB 3,380/mt ($535/mt). The prices are all ex-mill, including 17 percent VAT.
Meanwhile, the trading volume in China's steel section market in the past week has been much lower than in the previous week. Observers believe it is difficult for the Chinese steel section market to indicate significant price movements - either up or down - at the present time. Meanwhile, steel mills have mostly kept their prices stable. It is thought that China's steel section market may just see slight fluctuations in the coming seven days.