In early October (October 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 and 5 mm x 5 mm angles were recorded at RMB 4,055.0/mt ($616.3/mt), RMB 4,278.8/mt ($650.3/mt), RMB 4,190.0/mt ($636.8/mt), RMB 4,326.8/mt ($657.6/mt) and RMB 4,409.1/mt ($670.1/mt), increasing by RMB 57.3/mt ($8.7/mt), RMB 42.1/mt ($6.4/mt), RMB 104.7/mt ($15.9/mt), RMB 115.8/mt ($17.6/mt) and RMB 5.8/mt ($0.9/mt), up 1.4 percent, 1.0 percent, 2.6 percent, 2.7 percent and 0.1 percent, respectively, compared to prices in late September (September 21-30), as announced by China’s National Bureau of Statistics on October 16.
At the same time, the average prices of 219 mm x 6 mm seamless pipes were recorded at RMB 5,306.9/mt ($806.5/mt), down RMB 9.2/mt ($1.4/mt), down 0.2 percent compared to prices in late September (September 21-30).