Average HRB 400 rebar price in China decreases in early January

In early January (Jan. 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, 219 mm x 6 mm seamless pipes and 5 mm x 5 mm angles were recorded at RMB 3,212.8/mt ($465.6/mt), RMB 3,302.8/mt ($478.7/mt), RMB 3,556.6/mt ($515.4/mt), RMB 3,598.3/mt ($521.5/mt), RMB 4,196.2/mt ($608.1/mt) and RMB 3,416.7/mt ($495.2/mt), down RMB 69.8/mt ($10.1/mt), RMB 66.0/mt ($9.6mt), RMB 78.6/mt ($11.4/mt), RMB 42.7/mt ($6.2/mt), RMB 52.6/mt ($7.6/mt) and RMB 52.3/mt ($7.6/mt), declining by 2.1 percent, 2.0 percent, 2.2 percent, 1.1 percent, 1.2 percent and 1.5 percent, respectively, all compared to prices in late December (Dec. 21-30) last year, as announced by China’s National Bureau of Statistics on January 16.