On May 27, China's Ministry of Commerce (MOC) announced that during last week (May 19-25) the overall average finished steel price in China declined by 0.2 percent compared to the previous week.
In the given week, the average prices of equal angles, high-speed wire rod and rebar decreased by 0.4 percent, 0.3 percent and 0.3 percent week on week, respectively.
In the given week, the average price of non-ferrous metals in China decreased by 0.2 percent compared to the previous week. The average price of nickel (Ni >= 99.2%) rose by 4.4 percent week on week.
In addition, in the week in question, the average price of coal in China remained stable week on week. The average prices of brown coal, bituminous coal and anthracite coal were all unchanged compared to the previous week.