Average HRB 400 rebar price in China rises sharply in early November

In early November (November 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 2,879.3/mt ($420.3/mt), RMB 2,924.1/mt ($426.9/mt), RMB 3,109.3/mt ($453.9/mt), RMB 3,334.9/mt ($486.8/mt), RMB 3,799.6/mt ($554.7/mt) and RMB 2,893.0/mt ($422.3/mt), up RMB 233.0/mt ($34.0/mt), RMB 183.6/mt ($26.8/mt), RMB 259.5/mt ($37.9/mt), RMB 270.8/mt ($39.5/mt), RMB 208.4/mt ($30.4/mt) and RMB 108.2/mt ($15.8/mt), rising by 8.8 percent, 6.7 percent, 9.1 percent, 8.8 percent, 5.8 percent and 3.9 percent, respectively, all compared to prices in late October (October 21-31) this year, as announced by China’s National Bureau of Statistics on November 14.