Average HRB 400 rebar price in China increases in late March

In late March (Mar. 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 2,325.3/mt ($359.0/mt), RMB 2,374.9/mt ($366.7/mt), RMB 2,555.6/mt ($394.6/mt), RMB 2,603.4/mt ($401.9/mt), RMB 2,860.0/mt ($441.6/mt) and RMB 2,494.2/mt ($385.1/mt), up RMB 79.6/mt ($12.3/mt), RMB 65.4/mt ($10.1/mt), RMB 46.3/mt ($7.1/mt), RMB 100.3/mt ($15.5/mt), RMB 14.8 /mt ($2.3/mt) and RMB 14.0/mt ($2.2/mt), increasing by 3.5 percent, 2.8 percent, 1.8 percent, 4.0 percent, 0.5 percent and 0.6 percent, respectively, compared to prices in mid-March (Mar. 11-20) this year, as announced by China’s National Bureau of Statistics.