In early May (May 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 219 mm x 6 mm seamless pipes were respectively recorded at RMB 4,092.7/mt ($645.5/mt), RMB 4,268.4/mt ($673.3/mt), RMB 4,402.9/mt ($694.5/mt), RMB 4,266.5/mt ($672.9/mt) and RMB 5,246.4/mt ($827.5.0/mt), up RMB 147.2/mt ($23.2/mt), RMB 147.2/mt ($23.2/mt), RMB 71.0/mt ($11.2/mt), RMB 64.6/mt ($10.2/mt) and RMB 10.7/mt ($1.7/mt), i.e., increasing by 3.7 percent, 3.6 percent, 1.6 percent, 1.5 percent and 0.2 percent, respectively, compared to prices in late April (April 21-30), as announced by China’s National Bureau of Statistics on May 14.
In early May, the average price in China of 5 mm x 5 mm angles was recorded at RMB 4,302.1/mt ($678.6/mt), down by RMB 2.6/mt ($0.4/mt) or 0.1 percent compared to the average price in late April (April 21-30).