NBS: Local Chinese Rebar Prices Up 1.1 Percent In Mid-March

In mid-March (March 11-20) this year, the average price in China of 16-25 mm HRB 400 rebar rose by RMB 46.4/mt ($6.8/mt) or 1.1 percent to RMB 4272.6/mt ($622/mt), compared to prices in early March (March 1-10), as announced by China’s National Bureau of Statistics on March 24.

In the given period, the average prices of wire rod, medium plate, hot rolled coil (HRC), seamless steel pipes and angle increased by 0.8 percent, 2.3 percent, 1.9 percent, 0.2 percent and 0.8 percent, all compared to early March.