China's Ministry of Commerce (MOC) has announced that during last week (March 5-11) the overall average finished steel price in China decreased by 0.6 percent week on week.
In the given week, average prices of high-speed wire rod, rebar, hot rolled steel sheet and common steel round bar in China respectively decreased by 0.9 percent, 0.9 percent, 0.8 percent and 0.5 percent, week on week.
In the same week, the average price of non-ferrous metals in China edged down by 1.2 percent week on week. The average price of nickel (Ni> = 99.2%) declined by 1.2 percent compared to the previous week.
In the week in question, the average price of coal in China decreased by 0.4 percent week on week. In particular, the prices of anthracite coal, thermal coal and coking coal declined by 0.5 percent, 0.5 percent and 0.3 percent, respectively, all week on week.