In late May (May 21-31) this year, the average price in China of 20 mm HRB 400E rebar decreased by RMB 51.7/mt ($7.6/mt) or 1.6 percent to RMB 3,265.7/mt ($479/mt), compared to the price in mid-May (May 11-20), as announced by China’s National Bureau of Statistics.
In the given period, the average prices of wire rod, medium steel plate, hot rolled coil (HRC), and angles declined by 1.1 percent, 0.8 percent,1.3 percent and 1.0 percent, respectively, while the average price of seamless steel pipes remained stable, all compared to mid-May.