Average finished steel prices in China soften in early August

Thursday, 14 August 2014 11:06:49 (GMT+3)   |   Shanghai
       

In early August (August 1-10) this year, the average prices in China of 16-25 mm HRB400 rebar, 6.5 mm HPB300 wire rod, 20 mm Q235 common medium plate, 3 mm Q235 hot rolled sheet, 219 mm x 6 mm seamless pipe and 5 mm x 5 mm angles were recorded at RMB 3,111.3/mt ($503.45/mt), RMB 3,222.3/mt ($521.41/mt), RMB 3,362.5/mt ($544.1/mt), RMB 3,437.8/mt ($556.28/mt), RMB 4,035.6/mt ($653.01/mt) and RMB 3,359.1/mt ($543.5/mt), down RMB 4.5/mt ($0.73/mt), RMB 5/mt ($0.81/mt), RMB 21/mt ($3.4/mt), RMB 2/mt ($0.32/mt), RMB 37.9/mt ($6.13/mt) and RMB 10.8/mt ($1.75/mt), indicating respective declines of 0.1 percent, 0.2 percent, 0.6 percent, 0.1 percent, 0.9 percent and 0.3 percent, compared to prices in late July (July 21-31), as announced by China's National Bureau of Statistics on August 14.

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