China's Ministry of Commerce (MOC) has announced that during last week (November 30-December 6) the overall average finished steel price in China fluctuated within a limited range.
In the given week, the average prices of hot rolled steel strip and steel channels edged up 0.8 percent and 0.5 percent, while prices of rebar and high-speed wire rod both edged down by 0.3 percent, respectively, all week on week.
On December 1, Jiangsu Province-based Shagang Group, China’s largest private steelmaker, kept its offer prices for high-speed wire rod, bar-in-coil and rebar stable for December 1-10.
All prices are on ex-works basis.
$1 = RMB 6.532
