Average HRB 400 rebar price in China increases in late August

In late August (August 21-31) 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 2,547.2/mt ($381.3/mt), RMB 2,607.5/mt ($390.3/mt), RMB 2,764.2/mt ($413.8/mt), RMB 2,955.3/mt ($442.4/mt), RMB 3,312.9/mt ($495.9/mt) and RMB 2,785.3/mt ($417.0/mt), up RMB 34.8/mt ($5.2 /mt), RMB 41.0/mt ($6.1/mt), RMB 51.0/mt ($7.6/mt), RMB 92.9/mt ($13.9/mt), RMB 111.5/mt ($16.7/mt) and RMB 62.8/mt ($9.4/mt), rising by 1.4 percent, 1.6 percent, 1.9 percent, 3.2 percent, 3.5 percent and 2.3 percent, respectively, all compared to prices in mid-August (August 11-20) this year, as announced by China’s National Bureau of Statistics on September 5.