In early February (February 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 pipe and 5 mm x 5 mm angles were recorded at RMB 2,479.7/mt ($404.5/mt), RMB 2,577.4/mt ($420.5/mt), RMB 2,611.5/mt ($426.0/mt), RMB 2,735.0/mt ($446.2/mt), RMB 3,608.0/mt ($588.6/mt) and RMB 2,826.9/mt ($461.2/mt), down RMB 38.9/mt ($6.3/mt), RMB 49.4/mt ($8.1/mt), RMB 63.3/mt ($10.3/mt), RMB 90.0/mt ($14.7/mt), RMB 34.1/mt ($5.6/mt) and RMB 54.3/mt ($8.8/mt), indicating respective decreases of 1.5 percent, 1.9 percent, 2.4 percent, 3.2 percent, 0.9 percent and 1.9 percent compared to prices in late January (January 21-30), as announced by
China’s National Bureau of Statistics on February 15.