During the week ending October 11, Chinese domestic semi-finished steel prices have moved on a stable trend, while transaction activity in the overall market has been slacker than previous week, now at low levels. Average prices of steel billet and slab in the local Chinese market are presented in the table below.
During the long National Holiday (October 1-7), activities in the local Chinese semi-finished steel market have nearly come to a halt, resulting in slack purchasing activity and stable prices. After the holiday, no changes in domestic semi-finished steel quotations have yet been observed. However, there is a sign of improvement in transaction activities and prices as traders have been giving higher offer prices. It is thought that semi-finished steel prices in the Chinese market will likely edge up 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 |
2,200 |
327 |
0 |
|
Jinzhong |
2,120 |
315 |
0 |
|||
Fuzhou |
2,270 |
338 |
0 |
|||
Jiangyin |
2,200 |
327 |
0 |
|||
Average price |
2,198 |
327 |
0 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
2,310 |
344 |
0 |
|
Jinzhong |
2,220 |
330 |
0 |
|||
Fuzhou |
2,360 |
351 |
0 |
|||
Jiangyin |
2,300 |
342 |
0 |
|||
Average price |
2,298 |
342 |
0 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
2,270 |
338 |
0 |
The above prices include 17 percent VAT
$1 = RMB 6.72