In late May (May 21-31) this year, the average prices in China of 16-25 mm HRB 400 rebar, 6.5 mm HPB 300 wire rod and 219 mm x 6 mm seamless pipes were respectively recorded at RMB 4,013.7/mt ($625.2/mt), RMB 4,186.3/mt ($652.1/mt) and RMB 5,242.8/mt ($816.6/mt), decreasing by RMB 74.3/mt ($11.6/mt), RMB 65.9/mt ($10.3/mt) and RMB 9.7/mt ($1.5/mt), i.e., down 1.8 percent, 1.5 percent and 0.2 percent, compared to prices in mid-May (May 11-20), as announced by China’s National Bureau of Statistics.
In late May, the average prices in China of 20 mm Q235 common medium plate, 3 mm Q235 hot rolled sheet and 5 mm x 5 mm angles were recorded at RMB 4,420.3/mt ($688.5/mt), RMB 4,312.0/mt ($671.7/mt) and RMB 4,305.9/mt ($670.7/mt), increasing by RMB 15.8/mt ($2.5/mt), RMB 20.7/mt ($3.2/mt) and RMB 5.4/mt ($0.84/mt), i.e., up by 0.4 percent, 0.5 percent and 0.1 percent, compared to mid-May.