In late March (March 21-31) this year, the average price in China of 16-25 mm HRB 400 rebar decreased by RMB 108.1/mt ($15.7/mt) or 2.5 percent to RMB 4164.5/mt ($606/mt), compared to prices in mid-March (March 11-20), as announced by China’s National Bureau of Statistics on April 4.
In the given period, the average prices of wire rod, medium plate, hot rolled coil (HRC) and angles decreased by 2.5 percent, 0.8 percent, 1.7 percent and 2.3 percent, respectively, while the average price of seamless steel pipes remained stable, all compared to mid-March.
$1 = RMB 6.8699
