Rebar prices have climbed to 3,700 yuan, and this week the steel index (Myspic) has continued its upward trend.

Release Date:

2020-12-30 13:58

Source:

　　This week, the Myspic Composite Index stood at 143.91 points, up 0.53% from the previous week. Among its components, the long‑product index closed at 159.84 points, a 0.68% increase from the prior week. Steel prices for construction materials edged higher this week, with the national average price of HRB400 rebar (20 mm) across 25 major markets reaching RMB 3,860 per tonne, up RMB 38 per tonne from last week.

　　This week, the flat‑steel index stood at 128.67 points, up 0.36% from last week. Specifically, the hot‑rolled coil price index rose 0.37% week over week, while the medium‑ and thick‑plate price index fell 0.10%. Nationwide, the hot‑rolled sheet and coil market edged higher this week, with the average price of 4.75‑mm hot‑rolled steel across 24 major markets at RMB 3,935 per tonne, up RMB 5 per tonne from the previous week. Meanwhile, prices for 20‑mm medium‑ and thick‑plate declined slightly, with the average price of 20‑mm plain medium‑thick plate across the same 24 markets at RMB 3,965 per tonne, down RMB 5 per tonne from last week.