In mid-October (October 11-20) this year, the average price in China of 16-25 mm HRB 400 rebar, 6.5 mm HPB 300 wire rod, 3 mm Q235 hot rolled sheet and 5 mm x 5 mm angles were recorded at RMB 4,028.1/mt ($607.6/mt), RMB 4,251.6/mt ($641.3/mt), RMB 4,312.7/mt ($650.5/mt) and RMB 4,403.9/mt ($664.2/mt), decreasing by RMB 26.9/mt ($4.1/mt), RMB 27.2/mt ($4.1/mt), RMB 14.1/mt ($2.1/mt) and RMB 5.2/mt ($0.8/mt), down 0.7 percent, 0.6 percent, 0.3 percent and 0.1 percent, respectively, compared to prices in early October (October 1-10), as announced by China’s National Bureau of Statistics on October 24.
At the same time, the average prices of 20 mm Q235 common medium plate and 219 mm x 6 mm seamless pipes were recorded at RMB 4,205.8/mt ($634.4/mt) and RMB 5,315.2/mt ($801.7/mt), up RMB 15.8/mt ($2.4/mt) and RMB 8.3/mt ($1.3/mt), rising by 0.4 percent and 0.2 percent, respectively, compared to prices in early October (October 1-10).