On September 29, China's Ministry of Commerce (MOC) announced that during last week (September 21-27) the overall average finished steel price in China decreased by 0.4 percent week on week.
In the given week, average prices of common hot rolled sheet and common medium plate in China declined by 1.0 percent and 0.9 percent week on week, respectively.
In the same week, the average price of non-ferrous metals in China decreased by 2.8 percent compared to the previous week. The average price of nickel (Ni> = 99.2%) declined by 1.2 percent compared to the previous week.
In addition, in the week in question, the average price of coal in China remained basically stable week on week. In particular, the average prices of anthracite coal and coking coal declined by 0.1 percent and increased by 0.2 percent, respectively, while the average price of thermal coal remained stable week on week.