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Wire rod prices decreased in China

Prices of steel products, especially wire rod, in China decreased in the period of January 11-20.

Wire rod prices decreased in China

According to data from NBS (National Bureau of Statistics), in 25 major cities, 6.5 mm thick wire rod (HPB 300) prices decreased by 38.1 yuan/t compared to ten days ago, averaging 4,116.6 yuan/t ($581) over the period. ) was recorded as.

Looking at China's wire rod exports in 2023, there was an increase of 26% on an annual basis and reached 2.43 million mt. On a monthly basis, the country's wire rod exports remained flat only in December 2023. In addition, wire rod production decreased by 0.2% on an annual basis in 2023 and was recorded at 137 million mt.

The average price for rebar (HRB 400, 20 mm) decreased by 1.2% from ten days ago to 3,905.7 yuan/t ($550).

Medium plate prices (Q235, 20 mm) averaged 4,084.2 yuan/t, a decrease of 0.3% compared to the previous session.

Hot rolled plate prices (Q235, 3 mm) decreased by 1.0% to 4,050.5 yuan/t ($571), down 39.0 yuan/t.

Seamless steel pipe prices increased by 9.7 yuan/t or 0.2% to 4,603.5 yuan/t ($649). Angle steel prices decreased by 50.0 yuan/t or 1.2% to 4,163.2 yuan/t ($587).

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