China's Ministry of Commerce (MOC) has announced that during last week (December 5-11) the overall average finished steel price in China increased by 2.8 percent week on week.
In the given week, average prices of high-speed wire rod, rebar and common round steel in China rose by 3.2 percent, 3.2 percent and 2.7 percent week on week, respectively.
In the same week, the average price of non-ferrous metals in China decreased by 0.8 percent week on week. The average price of nickel (Ni> = 99.2%) rose by 2.2 percent compared to the previous week.
In the week in question, the average price of coal in China increased by 0.6 percent week on week. In particular, the average prices of anthracite coal, thermal coal and coking coal moved up by 0.9 percent, 0.6 percent and 0.6 percent week on week, respectively.