Average HRB 400 rebar price in China increases in early March

In early March (Mar.1-10) this year, the average prices in China of 16-25 mm HRB 400 rebar, 6.5 mm HPB 300 wire rod, 219 mm x 6 mm seamless pipes and 5 mm x 5 mm angles were recorded at RMB 3,809.0/mt ($551.2/mt), RMB 3,868.8/mt ($559.9/mt), RMB 4,509.9/mt ($652.7/mt) and RMB 3,942.8/mt ($570.6/mt), up RMB 43.1/mt ($6.2/mt), RMB 37.9/mt ($5.5/mt), RMB 26.3/mt ($3.8/mt) and RMB 57.7/mt ($8.4/mt), increasing by 1.1 percent, 1.0 percent, 0.6 percent and 1.5 percent, respectively, while the average prices of 20 mm Q235 common medium plate and 3 mm Q235 hot rolled sheet were recorded at RMB 3,795.2/mt ($549.2/mt) and RMB 3,936.8/mt ($569.7/mt), decreasing by 0.5 percent and 2.2 percent, respectively, all compared to prices in late February (February 21-28) this year, as announced by China’s National Bureau of Statistics on March 14.