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.