Steel billet market report December 2012
2013-01-08 17:07:10 【Print】
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Steel billet prices continued to increase with fluctuations in domestic market during December. Steel billet prices rose mainly because production costs went up as iron ore prices picked up significantly especially for imported resource. Prices of steel billet Q235 150*150 increased by RMB100-280/t in total this month in North China. Generally speaking, buying activity remained flat as more participants planned to replenish inventories at the year-end. Hence, buying activity stayed flat despite of unfavorable procurements from end users.
North China: Prices of steel billet Q235 150*150 increased by RMB230/t to RMB3,250/t VAT included ex-works by cash payment from RMB3,020/t in total in Tangshan, Hebei. Prices followed to increase by RMB140-280/t in Shanxi, Shandong and Liaoning due to supports from Hebei market. Participants were willing to purchase despite of chilly winter in North China. In addition, steel billet prices were expected to go up further in North China because of positive news in this sector.
South China: Hebei steel billet market significantly influenced domestic market as prices of low-alloyed steel billet 20MnSi increased by RMB50-180/t in Jiangsu, Fujian and Yunnan as prices of steel billet Q235 150*150 picked up in Tangshan. Figures of low-alloyed steel billet 20MnSi followed to go up to RMB3,450/t VAT included ex-works by cash payment from RMB3,270/t in Jiangsu. Prices responded rapidly in local market as the largest spiral rebar producer, Shasteel lifted quotations sharply. Meanwhile, steel billet prices also rose by RMB100/t as futures prices of spiral rebar increased in Fujian.
North China: Prices of steel billet Q235 150*150 increased by RMB230/t to RMB3,250/t VAT included ex-works by cash payment from RMB3,020/t in total in Tangshan, Hebei. Prices followed to increase by RMB140-280/t in Shanxi, Shandong and Liaoning due to supports from Hebei market. Participants were willing to purchase despite of chilly winter in North China. In addition, steel billet prices were expected to go up further in North China because of positive news in this sector.
South China: Hebei steel billet market significantly influenced domestic market as prices of low-alloyed steel billet 20MnSi increased by RMB50-180/t in Jiangsu, Fujian and Yunnan as prices of steel billet Q235 150*150 picked up in Tangshan. Figures of low-alloyed steel billet 20MnSi followed to go up to RMB3,450/t VAT included ex-works by cash payment from RMB3,270/t in Jiangsu. Prices responded rapidly in local market as the largest spiral rebar producer, Shasteel lifted quotations sharply. Meanwhile, steel billet prices also rose by RMB100/t as futures prices of spiral rebar increased in Fujian.
