According to the data issued by China's National Bureau of Statistics, among the leading industrial commodities produced by China, iron ore, finished steel and crude oil registered the biggest price increases in China in the one-month period up to April 10. In the period in question, the price of domestic production iron ore (Fe content no lower than 56 percent) increased by 11.4 percent or RMB 63.1/mt ($9.24), followed by crude oil which rose by 5.4 percent, and finished steel which recorded an average rise of five percent in price - all compared with the previous one-month period.
Due to the price increase in raw materials, steel prices in China have risen by 1.7-7.6 percent during the period in question. Among all steel products, the price of seamless pipe witnessed the smallest growth, of just 1.7 percent, influenced by the AD and CVD actions of the EU and US, while most other steel products increased by over five percent.
In contrast, most other main industrial products observed price increases of less than one percent, whereas coal, non-ferrous metals, chemicals and cement recorded price declines in the period in question.