Chinese domestic steel section prices have showed a mostly stable in the past week, with some slight downticks also seen.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a slightly reduce trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,620/mt ($510/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,640/mt ($513/mt), while the price of 20MnSi billet is at around RMB 3,720/mt ($524/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has been slow in the past seven days. The support from upstream billet prices is still strong, but the demand side is still weak due to the off-season . Meanwhile, production volumes are still at normal levels, causing market inventory to increase, exerting some pressure on steel section prices. As for the week ahead, considering the low demand and high inventory, it is believed that steel section prices may fluctuate with some small declines possible.
|
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
|
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
4,160 |
-20 |
586 |
-2 |
|
Beijing |
3,780 |
0 |
532 |
1 |
||
|
Tangshan |
3,950 |
-20 |
556 |
-2 |
||
|
Tianjin |
3,750 |
0 |
528 |
1 |
||
|
Guangzhou |
4,280 |
0 |
603 |
1 |
||
|
Average price |
3,984 |
-8 |
561 |
-0 |
||
|
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,030 |
0 |
568 |
1 |
|
Beijing |
3,780 |
0 |
532 |
1 |
||
|
Tangshan |
3,940 |
-10 |
555 |
-1 |
||
|
Tianjin |
3,760 |
0 |
530 |
1 |
||
|
Guangzhou |
4,460 |
0 |
628 |
1 |
||
|
Average price |
3,994 |
-2 |
562 |
1 |
||
|
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,970 |
-20 |
559 |
-2 |
|
Beijing |
3,810 |
0 |
537 |
1 |
||
|
Tangshan |
4,090 |
0 |
576 |
1 |
||
|
Tianjin |
3,830 |
0 |
539 |
1 |
||
|
Guangzhou |
4,350 |
0 |
613 |
1 |
||
|
Average price |
4,010 |
-4 |
565 |
0 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.101