Average HRB 400 rebar price in China decreases in late March

In late March (Mar. 21-30) 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 5 mm x 5 mm angles were recorded at RMB 3,723.0/mt ($540.3/mt), RMB 3,774.4/mt ($547.8/mt), RMB 3,685.4/mt ($534.9/mt), RMB 3,698.5/mt ($536.8/mt) and RMB 3,838.1/mt ($557.1/mt), down RMB 110.0/mt ($15.9/mt), RMB 101.9/mt ($14.8/mt), RMB 90.4/mt ($13.1/mt), RMB 184.6/mt ($26.8/mt) and RMB 57.6/mt ($8.4/mt), decreasing by 2.9 percent, 2.6 percent, 2.4 percent, 4.8 percent and 1.5 percent, respectively, while the average price of 219 mm x 6 mm seamless pipes was recorded at RMB 4,520.2/mt ($656.1/mt), increasing by 0.1 percent, all compared to prices in mid-March (Mar. 11-20) this year, as announced by China’s National Bureau of Statistics on April 5.