During the week ending April 25, Chinese domestic semi-finished steel prices have fluctuated, with both increases and decreases observed, while transaction activity in the market has been at low levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, market players have mostly been maintaining a wait-and-see stance towards the future trend of the market, resulting in the low level of transaction activity in the market. Meanwhile, the downward movement of domestic finished steel prices has lost momentum, while a rebound has been seen in the domestic ferrous metal futures market, providing a certain degree of support for semi-finished steel prices in the domestic market. It is thought that semi-finished steel prices in the Chinese domestic market will likely fluctuate slightly 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 |
2,820 |
410 |
↑70 |
|
Jinzhong |
2,700 |
392 |
0 |
|||
Fuzhou |
2,900 |
422 |
0 |
|||
Jiangyin |
2,900 |
422 |
↓20 |
|||
Average price |
2,830 |
411 |
↑13 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
2,920 |
424 |
↑70 |
|
Jinzhong |
2,790 |
406 |
0 |
|||
Fuzhou |
3,000 |
436 |
0 |
|||
Jiangyin |
3,020 |
439 |
↓40 |
|||
Average price |
2,933 |
426 |
↑8 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
2,850 |
414 |
↑50 |
All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
$1 = RMB 6.88
