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Steel Prices In The Chinese Market Will Continue to Fall in Late 2023


Statistics Bureau data show that in late May 2023, steel prices in the national circulation market will continue to fall.

Steel prices in the Chinese market will continue to fall in late 2023

 

Details as follows:

 

The price of rebar (Φ20mm, HRB400E) decreased by 2.6% compared with the previous period (mid-May, the same below), an increase of 2 percentage points compared with the previous period.

 

The price of wire rod (Φ8-10mm, HPB300) decreased by 2.4% compared with the previous period, and increased by 1.6 percentage points compared with the previous period.

 

The price of ordinary medium plate (20mm, Q235) decreased by 2.1% compared with the previous period, an increase of 0.5 percentage points compared with the previous period.

 

The price of hot-rolled ordinary coils (4.75-11.5mm, Q235) decreased by 2.1% compared with the previous period, an increase of 0.9 percentage points compared with the previous period.

 

The price of seamless steel pipes (219*6, 20#) decreased by 2.0% compared with the previous period, and increased by 0.5 percentage points compared with the previous period.

 

The price of angle steel (5#) 3 decreased by 2.9% compared with the previous period, an increase of 1.7 percentage points compared with the previous period.

 

In the near future, it is predicted that steel prices will have a downward trend. If you have purchasing intentions, you can consult for quotations at any time.

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