In early September (September 1-10) this year, the average price inChinaof 16-25 mm HRB 400rebardecreased by RMB 107.2/mt ($15.5/mt) or 2.6 percent to RMB 3,982.2/mt ($576.3/mt), compared to prices in late August (August 21-31), as announced byChina’s National Bureau of Statistics on September 14.
In the given period, the average prices ofwire rod, mediumplate, hot rolled coil (HRC), seamless steel pipes and angles declined by 3.5 percent, 0.9 percent, 1.0 percent, 1.1 percent and 1.1 percent, respectively, all compared to late August.
$1 = RMB 6.9116