China's Ministry of Commerce (MOC) has announced that during last week (February 27-March 5) the overall average finished steel price in China increased by 2.2 percent week on week.
In the given week, average prices of high-speed wire rod, rebar and channels in China rose by 2.7 percent, 2.6 percent and 2.9 percent week on week, respectively.
In the same week, the average price of non-ferrous metals in China increased by 0.4 percent week on week. The average price of nickel (Ni > = 99.2%) moved up by 1.3 percent compared to the previous week.
In the week in question, the average price of coal in China increased by 0.1 percent week on week. In particular, the average prices of thermal coal and coking coal moved up by 0.2 percent and 0.1 percent, respectively, while the average price of anthracite coal decreased by 0.2 percent, all week on week.