China's Ministry of Commerce (MOC) has announced that during last week (July 23-29) the overall average finished steel price in China edged up by 0.7 percent week on week.
In the given week, average prices of high-speed wire rod, rebar and seamless steel pipe in China respectively increased by 0.9 percent, 0.9 percent and 0.7 percent week on week.
In the week in question, the average price of coal in China decreased by 0.2 percent week on week. In particular, the prices of both anthracite coal and thermal coal moved down by 0.2 percent, while the price of coking coal remained stable, week on week.
In the same week, the average price of non-ferrous metals in China edged up by 1.1 percent week on week. The average price of nickel (Ni > = 99.2%) increased by 1.4 percent compared to the previous week.