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Steel prices in China fluctuated in early February

According to the latest data from China's National Bureau of Statistics, steel prices in China experienced both declines and increases at the beginning of February (1-6 February), attributed to the holiday effect.

Steel prices in China fluctuated in early February

During this period, the average price of construction steel (HRB 400, 20 mm) in China's 25 major cities dropped by 14.5 yuan/ton or 0.4% compared to ten days prior, reaching 3,910.6 yuan/ton ($543).

Wire rod prices (HPB 300, 6.5 mm) also saw a decrease of 13.0 yuan/ton or 0.3%, averaging 4,120.4 yuan/ton ($572) during the same period.

Commercial medium plate prices (Q235, 20 mm), on the other hand, recorded an increase of 16.1 yuan/ton or 0.4% compared to the previous session, reaching 4,141.6 yuan/ton ($575). Hot-rolled plate (Q235, 3 mm) witnessed a decline of 22.7 yuan/ton or 0.6%, dropping to 4,051.7 yuan/ton ($562).

Meanwhile, seamless steel pipe prices increased by 20.0 yuan/ton or 0.4%, reaching 4,696.9 yuan/ton ($652). Data also showed that angle steel prices reached 4,182.4 yuan/ton ($581), indicating an increase of 4.4 yuan/ton or 0.1% compared to the previous session.

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