On May 19,
China's Ministry of Commerce (MOC) announced that during last week (May 11-17) the overall average finished steel price in
China decreased by 0.5 percent week on week.
In the given week, average prices of common hot rolled steel sheet and common steel round bars in
China decreased by 0.9 percent and 0.8 percent week on week, respectively.
In the same week, the average price of non-ferrous metals in
China decreased by 0.2 percent compared to the previous week. The average price of nickel (Ni >= 99.2%) declined by 0.8 percent compared to the previous week.
In addition, in the week in question, the average price of coal in
China decreased by 0.4 percent week on week. In particular, the average prices of anthracite coal, thermal coal and
coking coal declined by 0.3 percent, 0.4 percent and 0.3 percent week on week, respectively.