In mid-December this year, the average price in China of 16-25 mm HRB 400 rebar increased by RMB 35.6/mt ($5.0/mt) or 1.1 percent to RMB 3,406.9/mt ($474/mt), compared to the price in early December (December 1-10), as announced by China’s National Bureau of Statistics.
In the given period, the average prices of wire rod and angles rose by 0.8 percent and 0.1 percent, while the average prices of medium plate, hot rolled coil (HRC) and seamless steel pipes declined by 0.2 percent, 0.6 percent and 0.3 percent, respectively, all compared to early December.