In mid-May (May 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 3,666.3/mt ($533.35/mt), RMB 3,657.4/mt ($532.05/mt), RMB 3,329.8/mt ($484.4/mt), RMB 3,287.4/mt ($478.2/mt) and RMB 3,625.7/mt ($527.5/mt), up RMB 109.2/mt ($15.88/mt), RMB 82.4/mt ($11.9/mt), RMB 10.0/mt ($1.45/mt), RMB 10.1/mt ($1.46/mt) and RMB 50.5/mt ($7.34/mt), increasing by 3.1 percent, 2.3 percent, 0.3 percent, 0.3 percent and 1.4 percent, respectively, while the average price of 219 mm x 6 mm seamless pipes was recorded at RMB 4,309.8/mt ($627.1/mt), decreasing by 1.2 percent, all compared to prices in early May (May1-10), as announced by
China’s National Bureau of Statistics on May 24.