Average HRB 400 rebar price in China down 5.5 percent in mid-January

In mid-January (January 11-20) 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 3,949.6/mt ($617.1/mt), RMB 4,064.6/mt ($635.1/mt), RMB 4,133.7/mt ($645.9/mt), RMB 4,228.8/mt ($660.8/mt), RMB 5,284.6/mt ($825.7/mt) and RMB 4,377.5/mt ($684.0/mt), down RMB 230.2/mt ($36.0/mt), RMB 224.9/mt ($35.1/mt), RMB 130.2/mt ($20.3/mt), RMB 152.0/mt ($23.8/mt), RMB 126.4/mt ($19.8/mt) and RMB 81.9/mt ($12.8/mt), declining by 5.5 percent, 5.2 percent, 3.1 percent, 3.5 percent, 2.3 percent and 1.8 percent, compared to prices in early January (January1-10), as announced by China’s National Bureau of Statistics on January 24.