1. Rebar
The price of rebar has been increased by RMB 35.1/mt ($5/mt), and so 18-25 mm HRB 335 now costs RMB 3,655.8/mt ($536/mt).
2. Section steel
The price of section steel has been hiked by RMB 35.1/mt ($5/mt). Following the increase, the price of Q235B 50 x 5 mm angles is at RMB 3,655.5/mt ($536/mt), while Q235B 160 x 65 x 8.5 mm channels cost RMB 3,561.9/mt ($522/mt).
3. Medium plate
The producer has raised its medium plate price by RMB 31.5/mt ($5/mt). After the adjustment, the price of Q235 20 mm material is RMB 3,582.8/mt ($525/mt).
The above prices include taxes (17 percent VAT) and are effective as of May 11.
$1 = RMB 6.82