In mid-March (March 11-20) this year, the average prices in China of 16-25 mm HRB 400 rebar and 6.5 mm HPB 300 wire rod were recorded at RMB 2,449.2/mt ($391.2/mt) and RMB 2,485.6/mt ($397.1/mt), up RMB 15.6/mt ($2.5/mt) and RMB 6.4/mt ($1.1/mt), rising by 0.6 percent and 0.3 percent compared to prices in early March (March 1-10), as announced by China's National Bureau of Statistics on March 24.
Meanwhile, in mid-March, average prices of 20 mm Q235 common medium plate, 3 mm Q235 hot rolled sheet, 219 mm x 6 mm seamless pipe and 5 mm x 5 mm angles were recorded at RMB 2,575.6/mt ($411.4/mt), RMB 2,620.2/mt ($418.6/mt), RMB 3,570.6/mt ($570.4/mt) and RMB 2,768.3/mt ($442.2/mt), down RMB 29.1/mt ($4.6mt), RMB 71.3/mt ($11.4/mt), RMB 23.1/mt ($3.7/mt) and RMB 11.9/mt ($1.9/mt), indicating respective decreases of 1.1 percent, 2.6 percent, 0.6 percent and 0.4 percent compared to prices in early March (March 1-10).