Average HRB 400 rebar price in China increases in mid-January

In mid-January (January 11-20) 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 and 5 mm x 5 mm angles were recorded at RMB 3,299.2/mt ($479.7/mt), RMB 3,397.7/mt ($494.1/mt), RMB 3,570.8/mt ($519.2/mt), RMB 3,927.7/mt ($571.1/mt) and RMB 3,497.8/mt ($508.2/mt), up RMB 86.4/mt ($12.6/mt), RMB 94.9/mt ($13.8/mt), RMB 14.2/mt ($2.1/mt), RMB 29.4/mt ($4.3/mt) and RMB 81.1/mt ($11.8/mt), increasing by 2.7 percent, 2.9 percent, 0.4 percent, 0.8 percent and 2.4 percent, respectively, while the average price of 219 mm x 6 mm seamless pipes was recorded at RMB 4,183.5/mt ($608.3/mt), decreasing by 0.3 percent, all compared to prices in early January (January 1-10) this year, as announced by China’s National Bureau of Statistics on February 1.