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NBS: Local Chinese rebar rates up 0.8 percent in late July

Gangya Metal384 people have read

In late July (July 21-31) this year, the ordinary rate in China of 16-25 mm HRB 400 rehot rolled coil steel costbar increased by RMB 30.9/ mt ($ 4.6/ mt) or 0.8 percent to RMB 3,966.8/ mt ($ 587/mt), compared to rates in mid-July (July 11-20), as announced by China's National Bureau of Stats on August 4. In the provided period, the average rate of wire rod enhanced by 0.6 percent, while the ordinary prices of medium plate, hot rolled coil (HRC), seamless steel pipelines as well as angles reduced by 2.9 percent, 1.5 percent, 3.4 percent and also 2.7 percent, respectively, all compared to mid-July. $ 1 = RMB 6.7636

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