MOC: Average finished steel price in China up 0.3 percent
China’s Ministry of Commerce (MOC) has announced that during last week (February 15-21) the overall average finished steel price in China increased by 0.3 percent week on week.
In the given week, average prices of hot rolled strip, high-speed wire rod and rebar in China increased by 0.6 percent, 0.5 percent and 0.4 percent week on week, respectively.
In the same week, the average price of non-ferrous metals in China decreased by 0.4 percent week on week. The average price of nickel (Ni> = 99.2%) decreased by three percent compared to the previous week.
In addition, in the week in question, the average price of coal in China declined by 0.1 percent week on week. In particular, the average price of coking coal decreased by 0.4 percent week on week, while the average prices of thermal coal and anthracite coal remained stable week on week.