Average HRB 400 rebar price in China up 1.6 percent in mid-August

In mid-August (August 11-20) 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 4,082.0/mt ($613.6/mt), RMB 4,221.4/mt ($634.6/mt), RMB 3,973.6/mt ($597.3/mt), RMB 4,185.3/mt ($629.1/mt), RMB 5,039.5/mt ($757.5/mt) and RMB 4,367.2/mt ($656.5/mt), increasing by RMB 66.2/mt ($9.96/mt), RMB 125.8/mt ($18.9/mt), RMB 98.4/mt ($14.8/mt), RMB 82.6/mt ($12.4/mt), RMB 252.9/mt ($38.1/mt), RMB 209.2/mt ($31.5/mt), up by 1.6 percent, 3.1 percent, 2.5 percent, 2.9 percent, 5.3 percent and 5.0 percent, respectively, compared to prices in early August (August 1-10), as announced by China’s National Bureau of Statistics on August 24.