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SteelHome Express: China' s Carbon Structural Steel Price Fell Slightly on 17 July

https://en.steelhome.com [SteelHome] 2018-07-17 14:29:20

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Guangzhou City, South China

Carbon structural steel price in Guangzhou market saw slight falling today. Φ50-95mm 45# carbon structural round steel produced by Xiangtan Steel was 4,380 yuan/t. Φ50-100mm 45# carbon structural round steel produced by Xuangang was 4,310 yuan/t. Φ50-80mm 45# carbon structural round steel produced by Lingyuan Steel was 4,320 yuan/t. Φ50-95mm 45# carbon structural round steel produced by Liuzhou Steel was 4,320 yuan/t, down 20 yuan/t.

Traders are tending to sell and dropped their quotations mainly due to weak transactions.

Hangzhou, East China

Carbon structural steel price in Hangzhou was down by 20-30 yuan/t. Φ29-39mm 45# carbon structural round steel produced by Hangzhou Steel was 4,440 yuan/t, down 20 yuan/t. Φ29-40mm 45# carbon structural round steel produced by Huaigang Special Steel was 4,450 yuan/t. Φ28-49mm 45# carbon structural round steel produced by Nanjing Steel was 4,450 yuan/t. Φ20-39mm 45# carbon structural round steel produced by Eastern Special Steel was 4,350 yuan/t, down 30 yuan/t.

Eastern Special Steel and Hangzhou Steel (daily price) both dropped their carbon structural steel by 30 yuan/t this morning. While transactions volume is still at a relatively low level, market price would be underpinned by relatively low market inventory. Coupled with maintenance of many steel mills at the same time, traders suggested that market price has limited room to fall.

Related links:

Market price of Hangzhou carbon structural steel on Jul 17, 18(new)

Market price of Guangzhou carbon structural steel on Jul 17, 18

Market price of Tianjin carbon structural steel on Jul 17, 18

Market price of Chongqing carbon structural steel on Jul 17, 18

Market price of Chengdu carbon structural steel on Jul 17, 18


(To contact the reporter on this story: christine.hao@steelhome.cn or 021-50585733)
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