PRICES - RMB/metric ton (incl VAT)
All tables are updated monthly.
Copyright © 2017
by MEPS International Ltd.
Note: MEPS’ published Chinese Dealer Prices provide a
meaningful comparison between local steel selling figures in
China and domestic mill prices in the rest of the world.
These present the closest comparable figures to mill selling
prices offered to major steel distributors/traders in
Prices in the above table are for reference only. No data may be
reproduced in any manner whatsoever without written permission from
The Chinese selling mechanism for steel is quite different
to that pertaining in most other parts of the world. The
domestic steel distribution system in China can be broken
down into two categories - supply to the major state owned
utilities/corporations and supply to rest of the market.
The vast majority of steel supplied to the Chinese domestic
and export markets passes through major
distributors/dealers. First Tier Dealers, in China, sell to
large manufacturing companies. They also supply Second Tier
and Tertiary Dealers with material for subsequent resale,
with or without further processing. Material is then
subsequently sold into local markets through minor dealers.
The supply chain can be extensive.
Agreements for steel supply to the major state - owned
utilities/corporations, in China, are often based on a
transfer pricing system at notional figures.
Products supplied to most customers are channelled,
initially, through First Tier Dealers. These are major
corporations which act as primary distributors and
processors. They sell significant tonnages of steel products
to large manufacturing companies and also a wide range of
second tier traders. It is at this point that MEPS assesses
the data to produce its CHINESE DEALER PRICES for steel
products sold in the domestic market.
Ex-mill steel prices in China are also available in
MEPS International Steel Review
Click here for product and price
All price and market data is researched by MEPS staff and
our local correspondents. The information in the tables,
charts and commentaries have been calculated from
respondents who we consider provide accurate intelligence on
the relevant steel markets. We make our best endeavours to
be assured that the information is correct and that our
analysis is reliable.
Our predictions are based on a wide experience of steel
consumption patterns. The econometric models we have
constructed take into account raw material costs,
macro-economic factors, past price trends and the dynamics
of the market. However, steel prices can be influenced by a
number of other factors. These include currency exchange
rates, trade regulations including import safeguard
measures, anti-dumping actions and other government
interference in normal trade patterns. More than one third
of all steel produced is sold outside the country of
manufacture. Accordingly, changes in market conditions in
one country can impact on pricing in other parts of the
world. Consequently, these forecasts should be used only as
a guide to future tendencies. MEPS (INTERNATIONAL) LTD
cannot be made liable for any loss resulting from the use of
these price forecasts however it may arise.
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