China's Ministry of Commerce (MOC) has announced that during last week (March 14-20) the overall average finished steel price in China decreased by 0.7 percent week on week.
In the given week, average prices of common high-speed wire rod, rebar and channels in China declined by 1.3 percent, 1.2 percent and 1 percent week on week, respectively.
In the same week, the average price of non-ferrous metals in China increased by 0.9 percent week on week. The average price of nickel (Ni> = 99.2%) decreased by 0.4 percent compared to the previous week.
In the week in question, the average price of coal in China remained stable week on week. In particular, the average prices of anthracite coal and coking coal decreased by 0.3 percent and 0.4 percent week on week, respectively, while the average price of thermal coal remained stable compared to the previous week