China's Ministry of Commerce (MOC) has announced that during last week (January 1-7) the overall average finished steel price in China decreased by 1.0 percent week on week.
In the given week, average prices of rebar, high-speed wire rod, common steel round bar and welded steel pipe in China respectively decreased by 1.5 percent, 1.4 percent, 1.0 percent and 0.9 percent, week on week.
In the same week, the average price of non-ferrous metals in China edged up by 0.3 percent week on week. The average price of nickel (Ni> = 99.2%) increased by 2.5 percent compared to the previous week.
In the week in question, the average prices of coal in China rose by 0.3 percent week on week. In particular, the prices of coking coal, anthracite coal and thermal coal increased by 0.5 percent, 0.5 percent and 0.2 percent, respectively, all week on week.