According to SteelOrbis, in late February, the average price of 20 mm HRB 400E rebar in China increased by RMB 6.1/mt ($0.85/mt), or 0.2%, reaching RMB 3,339.5/mt ($466/mt), compared to mid-February, as reported by China's National Bureau of Statistics.

During the same period, the average prices of wire rod, medium plate, hot rolled coil (HRC), and angles rose by 0.3%, 0.3%, 0.1%, and 2.2%, respectively. The average price of seamless steel pipes also increased by 0.2%, all compared to mid-February.