Average HRB 400 rebar price in China increases in late February

In late February (Feb. 21-28) 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 3,765.9/mt ($545.8/mt), RMB 3,830.9/mt ($555.2/mt), RMB 3,815.5/mt ($552.9/mt), RMB 4,026.2/mt ($583.5/mt), RMB 4,483.6/mt ($649.8/mt) and RMB 3,885.1/mt ($563.1/mt), up RMB 203.3/mt ($29.5/mt), RMB 192.8/mt ($27.9mt), RMB 110.2/mt ($15.9/mt), RMB 30.6/mt ($4.4/mt), RMB 150.4/mt ($21.8/mt) and RMB 234.0/mt ($33.9/mt), rising by 5.7 percent, 5.3 percent, 3.0 percent, 0.8 percent, 3.5 percent and 6.4 percent, respectively, all compared to prices in mid-February (Feb. 11-20), as announced by China’s National Bureau of Statistics on March 6.