In mid-December (December 11-20) this year, the average price in China of 16-25 mm HRB 400 rebar increased by RMB 124.2/mt ($18/mt) or 3.2 percent to RMB 3,964.3/mt ($568/mt), compared to prices in early December (December 1-10), as announced by China’s National Bureau of Statistics on December 24.
In the given period, the average prices of wire rod, medium plate, hot rolled coil (HRC), seamless steel pipes and angles rose by 3.0 percent, 3.9 percent, 3.8 percent, 2.2 percent and 2.6 percent, all compared to early December.
$1 = RMB 6.9825
