China's Ministry of Commerce (MOC) has announced that during last week (April 10-16) the overall average finished steel price in China decreased by two percent week on week.
In the given week, average prices of high-speed wire rod, rebar and hot rolled sheet in China declined by 2.4 percent, 2.2 percent and 2.5 percent week on week, respectively.
In the same week, the average price of non-ferrous metals in China decreased by 2.4 percent week on week. The average price of nickel (Ni > = 99.2%) moved down by 3.5 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 price of coking coal moved up by 0.3 percent, while the average price of anthracite coal decreased by 0.1 percent and thermal coal prices remained unchanged, all week on week.