Steel products prices in China continued declining in late May (May 21-31), according to the latest data from the National Bureau of Statistics (NBS).
The average price of construction steel rebar (HRB 400, 20mm) at 25 major cities in China stood at 3,602.2 yuan/t during the period, down 97.1 yuan/t or 2.6% from ten days earlier.
Prices of wire (HPB 300, 6.5 mm) averaged 3,773.0 yuan/t in the same period, falling 92.6 yuan/t or 2.4% from ten days ago.
Prices of common medium plate (Q235, 20mm) declined 88.0 yuan/t or 2.1% from the preceding session to 4,068.5 yuan/t.
Hot-rolled plate (Q235, 3mm) decreased by 79.7 yuan/t or 2.1% to 3,783.8 yuan/t.
Seamless steel tube declined 94.5 yuan/t or 2.0% to 4715.1 yuan/t.
Angle steel fell 113.9 yuan/t or 2.9% to 3867.0 yuan/t, data showed.
(Writing by Riley Liang Editing by Emma Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.