In late October (October 21-31) this year, the average price in China of 16-25 mm HRB 400 rebar increased by RMB 43.3/mt ($6/mt) or 1.2 percent to RMB 3,722.7/mt ($518.5/mt), compared to prices in mid-October (October 11-20), as announced by China’s National Bureau of Statistics.
In the given period, the average prices of wire rod, hot rolled coil (HRC) and angles rose by 1.1 percent, 0.1 percent and 0.8 percent, though the average prices of medium plate and seamless steel pipes declined by 0.5 percent and 0.6 percent, respectively, all compared to mid-October.