Chinese steel products prices further declined in late March (March 21-31), showed 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 decreased 39.6 yuan/t from ten days earlier to 3,542.6 yuan/t during this period.
Prices of wire (HPB 300, 6.5mm) averaged 3,732.6 yuan/t in the same period, down 39.1 yuan/t from ten days ago.
Prices of common medium plate (Q235, 20mm) stood at 3,915.2 yuan/t, 33.1 yuan/t lower than the preceding session.
Hot-rolled plate (Q235, 3mm) fell 21.5 yuan/t to 3,795.9 yuan/t.
Seamless steel tube decreased 29.8 yuan/t to 4,583.5 yuan/t.
Prices of angle steel came in at 3,939.5 yuan/t, 62.0 yuan/t lower than the preceding session, data showed.
(Writing by yan.sun Editing by Alex Guo)
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