In early June (June 1-10) this year, the average prices in China of 16-25 mm HRB 400 rebar, 6.5 mm HPB 300 wire rod, 20 mm Q235 common medium plate, 3 mm Q235 hot rolled sheet and 219 mm x 6 mm seamless pipes were recorded at RMB 3,696.7/mt ($561.5/mt), RMB 3,674.7/mt ($558.3/mt), RMB 3,359.0/mt ($505.2/mt), RMB 3,386.8/mt ($504.6/mt), and RMB 4,296.5/mt ($634.5/mt), decreasing by RMB 121.7/mt ($17.9/mt), RMB 122.0/mt ($17.94/mt), RMB 76.4/mt ($11.24/mt), RMB 44.6/mt ($6.56/mt) and RMB 18.0/mt ($2.65/mt), down 3.2 percent, 3.2 percent, 2.2 percent, 1.3 percent and 0.4 percent, respectively, all compared to prices in late May (May 21-30), as announced by China’s National Bureau of Statistics on June 14.
In early June, the average price in China of 5 mm x 5 mm angles was RMB 3,714.0/mt ($546.2/mt), up RMB 2.5/mt ($0.37/mt) or 0.1 percent compared to prices in late May (May 21-30).