In early June (June 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 and 3 mm Q235 hot rolled sheet were respectively recorded at RMB 4,072.0/mt ($629.4/mt), RMB 4,261.9/mt ($658.7/mt), RMB 4,459.1/mt ($689.2/mt) and RMB 4,373.8/mt ($676.1/mt), increasing by RMB 58.3/mt ($9.1/mt), RMB 75.6/mt ($11.7/mt), RMB 38.8/mt ($6.0/mt) and RMB 61.8/mt ($9.6/mt), i.e., up 1.5 percent, 1.8 percent, 0.9 percent and 1.4 percent, respectively, compared to prices in late May (May 21-31), as announced by China’s National Bureau of Statistics.
In early June, the average prices in China of 219 mm x 6 mm seamless pipes and 5 mm x 5 mm angles were recorded at RMB 5,218.9/mt ($806.6/mt) and RMB 4,300.7/mt ($664.7/mt), decreasing by RMB 23.9/mt ($3.7/mt) and RMB 5.2/mt ($0.81/mt), i.e., down by 0.5 percent and 0.1 percent respectively, compared to late May.