Chinese domestic steel section prices have continued to move down during the past week, declining by larger margins compared to the previous week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have softened during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,150/mt ($442/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,170/mt ($444/mt), while the price of 20MnSi billet is at around RMB 3,250/mt ($456/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has remained sluggish due to the ongoing off-season, while prices have continued to fall, following the soft trends of prices of billet and raw materials. Production volumes have decreased since profit margins are not so good. As for the week ahead, it is believed that steel section prices may continue to move down.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
3,560 |
-100 |
499 |
-14 |
Beijing |
3,330 |
-100 |
467 |
-14 |
||
Tangshan |
3,450 |
-110 |
484 |
-15 |
||
Tianjin |
3,220 |
-90 |
451 |
-12 |
||
Guangzhou |
3,640 |
-70 |
510 |
-10 |
||
Average price |
3,440 |
-94 |
482 |
-13 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
3,710 |
-90 |
520 |
-12 |
Beijing |
3,320 |
-100 |
466 |
-14 |
||
Tangshan |
3,440 |
-100 |
482 |
-14 |
||
Tianjin |
3,240 |
-60 |
454 |
-8 |
||
Guangzhou |
3,890 |
-180 |
545 |
-25 |
||
Average price |
3,520 |
-106 |
494 |
-15 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,670 |
-80 |
515 |
-11 |
Beijing |
3,630 |
-60 |
509 |
-8 |
||
Tangshan |
3,630 |
-100 |
509 |
-14 |
||
Tianjin |
3,470 |
-70 |
487 |
-10 |
||
Guangzhou |
3,820 |
-90 |
536 |
-12 |
||
Average price |
3,644 |
-80 |
511 |
-11 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.132