Average HRB 400 rebar price in China edges up in early February

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 and 219 mm x 6 mm seamless pipes were recorded at RMB 3,355.1/mt ($488.5/mt), RMB 3,462.5/mt ($504.1/mt) and RMB 4,197.5/mt ($611.15/mt), up RMB 26.4/mt ($3.84/mt), RMB 23.1/mt ($3.36/mt) and RMB 13.7/mt ($1.99/mt), increasing by 0.8 percent, 0.7 percent and 0.3 percent, respectively, while the average prices of 20 mm Q235 common medium plate, 3 mm Q235 hot rolled sheet and 5 mm x 5 mm angles were recorded at RMB 3,575.3/mt ($520.5/mt), RMB 3,908.4/mt ($569.05/mt) and RMB 3,508.8/mt ($510.8/mt), decreasing by 0.03 percent, 0.2 percent and 0.3 percent, respectively, all compared to prices in late January (January 21-31) this year, as announced by China’s National Bureau of Statistics on February 14.