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

In mid-March (Mar. 11-20) this year, the average prices in China of 16-25 mm HRB 400 rebar, 6.5 mm HPB 300 wire rod and 219 mm x 6 mm seamless pipes were recorded at RMB 3,833.0/mt ($557.1/mt), RMB 3,876.3/mt ($563.4/mt) and RMB 4,514.7/mt ($656.2/mt), up RMB 24.0/mt ($3.5/mt), RMB 7.5/mt ($1.1/mt) and RMB 4.8/mt ($0.7/mt), increasing by 0.6 percent, 0.2 percent and 0.1 percent, respectively, while the average prices of 20 mm Q235 common medium plate, 3 mm Q235 hot rolled sheet and 5 mm x 5 mm angles were recorded at RMB 3,775.8/mt ($548.8/mt), RMB 3,883.1/mt ($564.4/mt) and RMB 3,895.7/mt ($566.2/mt), decreasing by 0.5 percent, 1.4 percent and 1.2 percent, respectively, all compared to prices in early March (Mar. 1-10) this year, as announced by China’s National Bureau of Statistics on March 27.