In late January (January 21-31) 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 4,026.5/mt ($640.7/mt) and RMB 4,140.5/mt ($658.78mt), respectively rising by RMB 76.9/mt ($12.2/mt) and RMB 75.9/mt ($12.1/mt), i.e., both increasing by 1.9 percent, compared to prices in mid-January (January 11-20),as announced by China’s National Bureau of Statistics on February 5.
Meanwhile, the average prices in China of 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 4,122.9/mt ($655.9/mt), RMB 4,207.7/mt ($669.45/mt), RMB 5,254.3/mt ($835.9/mt) and RMB 4,360.3/mt ($693.7/mt), down RMB 10.8/mt ($1.7/mt), RMB 21.1/mt ($3.3/mt), RMB 30.3/mt ($4.8/mt) and RMB 17.2/mt ($2.7/mt), i.e., declining by 0.3 percent, 0.5 percent, 0.6 percent and 0.4 percent, respectively, compared to prices in mid-January (January 11-20).