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

In mid-October (October 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, 219 mm x 6 mm seamless pipes and 5 mm x 5 mm angles were recorded at RMB 2,554.7/mt ($377.3/mt), RMB 2,660.4/mt ($392.9/mt), RMB 2,759.9/mt ($407.6/mt), RMB 2,977.9/mt ($439.8/mt), RMB 3,470.3/mt ($512.6/mt) and RMB 2,750.6/mt ($406.2/mt), up RMB 93.8/mt ($13.8 /mt), RMB 85.7/mt ($12.6/mt), RMB 69.9/mt ($10.3/mt), RMB 75.1/mt ($11.0/mt), RMB 87.0/mt ($12.8/mt) and RMB 21.5/mt ($3.2/mt), rising by 3.8 percent, 3.3 percent, 2.6 percent, 2.6 percent, 2.6 percent and 0.8 percent, respectively, all compared to prices in early October (October 1-10) this year, as announced by China’s National Bureau of Statistics on October 24.