In early May (May 1-10) this year, the average price in China of 16-25 mm HRB 400 rebar decreased by RMB 70.6/mt ($10.1/mt) or 1.9 percent to RMB 3,723.5/mt ($534.2/mt), compared to prices in late April (April 21-30), as announced by China’s National Bureau of Statistics on May 14.
In the given period, the average prices of wire rod, medium plate, hot rolled coil (HRC), seamless steel pipes and angles decreased by 1.9 percent, 2.4 percent, 3.1 percent, 1.0 percent and 3.5 percent, respectively, all compared to late April.