In early May (May 1-10) this year, the average prices in
China of 16-25 mm HRB 400
rebar, 6.5 mm HPB 300
wire rod, 20 mm Q235 common medium
plate, 3 mm Q235 hot rolled sheet, 219 mm x 6 mm seamless pipes and 5 mm x 5 mm angles were recorded at RMB 2,758.8/mt ($423.1/mt), RMB 2,853.4/mt ($437.6/mt), RMB 2,885.9/mt ($442.6/mt), RMB 3,044.6/mt ($467.0/mt), RMB 3,343.3/mt ($512.8/mt) and RMB 2,804.1/mt ($430.1/mt), down RMB 218.0/mt ($33.4/mt), RMB 177.3/mt ($27.2/mt), RMB 175.2/mt ($26.9/mt), RMB 198.2/mt ($30.4/mt), RMB 4.7/mt ($0.7/mt) and RMB 139.3/mt ($21.4/mt), decreasing by 7.3 percent, 5.9 percent, 5.7 percent, 6.1 percent, 0.1 percent and 4.7 percent, respectively, compared to prices in late April (April 21-30) this year, as announced by
China’s National Bureau of Statistics.