Average HRB 400 rebar price in China rises in early July

In early July (July 1-10) 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 3,756.6/mt ($552.4/mt), RMB 3740.4 /mt ($550.1/mt), RMB 3561.8/mt ($523.8/mt), RMB 3745.8/mt ($550.9/mt), RMB 4468.2/mt ($657.1/mt) and RMB 3887.1/mt ($571.6/mt), increasing by RMB 72.8/mt ($10.7/mt), RMB 74.5/mt ($10.9/mt), RMB 105.4/mt ($15.5/mt), RMB 128.9/mt ($18.9/mt), RMB 62.4/mt ($9.2/mt), RMB 84.4/mt ($12.4/mt), compared to prices in late June (June 21-30), as announced by China’s National Bureau of Statistics on July 14.