China's Ministry of Commerce (MOC) has announced that during last week (May 13-19) the average steel price in China decreased by 0.4 percent compared to the previous week.
In particular, in the given week prices of 500 mm x 200 mm H-beam, 12 mm diameter rebar and 10 mm steel plate decreased by 0.5 percent, 0.5 percent and 0.4 percent respectively, all week on week.
In the week ending May 19, average prices of minerals in China decreased by 0.9 percent compared to the previous week. Furthermore, the average prices of copper ore, iron ore, lead ore and zinc ore decreased by 1.8 percent, 0.9 percent, 0.6 percent and 0.5 percent, all compared to the previous week.
Meanwhile, in the given week, average prices of energy in China were down 0.2 percent week on week. The average prices of crude oil and raw coal decreased by 0.5 percent and 0.3 percent, while the average price of coke remained unchanged, all on week-on-week basis.