Chinese domestic steel section prices have followed a downward trend - with some minor fluctuations - during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have softened slightly during the past seven days. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,130/mt ($440/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,150/mt ($442/mt), while the price of 20MnSi billet is at around RMB 3,230/mt ($454/mt). The prices are all ex-mill, including 13 percent VAT.
Local Chinese steel section prices have softened during the past week amid slightly lower prices for billet and other raw materials, while trading activity for steel sections has been at normal levels. Meanwhile, increased production and market inventories have been exerting some pressure on steel section prices. As for the week ahead, it is believed that steel section prices may indicate small fluctuations.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
3,640 |
-90 |
511 |
-12 |
Beijing |
3,350 |
-70 |
471 |
-9 |
||
Tangshan |
3,490 |
-50 |
490 |
-6 |
||
Tianjin |
3,270 |
-120 |
459 |
-16 |
||
Guangzhou |
3,760 |
-50 |
528 |
-6 |
||
Average price |
3,502 |
-76 |
492 |
-10 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
3,540 |
-100 |
497 |
-13 |
Beijing |
3,340 |
-70 |
469 |
-9 |
||
Tangshan |
3,470 |
-60 |
487 |
-8 |
||
Tianjin |
3,250 |
-100 |
456 |
-13 |
||
Guangzhou |
3,690 |
-90 |
518 |
-12 |
||
Average price |
3,458 |
-84 |
486 |
-11 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,670 |
-90 |
515 |
-12 |
Beijing |
3,450 |
-70 |
485 |
-9 |
||
Tangshan |
3,580 |
-60 |
503 |
-8 |
||
Tianjin |
3,350 |
-130 |
471 |
-18 |
||
Guangzhou |
3,930 |
-50 |
552 |
-6 |
||
Average price |
3,596 |
-80 |
505 |
-10 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.120