On August 12, China's Ministry of Commerce (MOC) announced that during last week (August 4-10) the overall average finished steel price in China remained unchanged week on week.
In the given week, the average prices of both common medium plates and steel welded pipes in China decreased by 0.2 percent, while prices of both hot rolled common sheet and rebar rose by 0.1 percent, week on week.
In the given week, the average price of non-ferrous metals in China decreased by 0.3 percent compared to the previous week. The average price of nickel (Ni >= 99.2%) dropped by 1.2 percent week on week.
In addition, in the week in question, the average price of coal in China decreased by 1.5 percent week on week. The average prices of brown coal, bituminous coal and anthracite coal declined by 3.2 percent, 1.5 percent and 1.2 percent, week on week, respectively.