China’s Ministry of Commerce (MOC) has announced that during last week (December 3-9) the average steel price in China increased by 0.1 percent compared to the previous week.
In particular, in the given week prices of 12 mm diameter rebar and 6.5 mm diameter high-speed wire rod both increased by 0.3 percent, week on week.
In the week ending December 9, average prices of minerals in China witnessed a decline of 2.4 percent week on week. Furthermore, the average price of iron ore in China decreased by three percent in the week in question, while the prices of copper ore and lead ore were up one percent compared to the previous week.