In early May (May 1-10) this year, the average price in China of 20 mm HRB 400E rebar increased by RMB 78.3/mt ($11.4/mt) or 2.4 percent to RMB 3,319.9/mt ($485/mt), compared to the price in late April (April 21-30), 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), seamless steel pipes and angles increased by 1.8 percent, 3.6 percent, 2.9 percent, 0.3 percent and 2.0 percent, respectively, all compared to late April.