In late August (August 21-31) this year, the average price in China of 16-25 mm HRB 400 rebar increased by RMB 8.4/mt ($1.2/mt) or 0.2 percent to RMB 3,648.1/mt ($508/mt), compared to prices in mid-August (August 11-20), as announced by China’s National Bureau of Statistics on September 4.
In the given period, the average price of wire rod rose by 0.1 percent, while the average prices of medium plate, hot rolled coil (HRC) and seamless steel pipes decreased by 0.6 percent, 0.3 percent and 0.5 percent, respectively, though the average price of angles almost remained stable, all compared to mid-August.