China's Ministry of Commerce (MOC) has announced that during last week (November 8-14) the overall average finished steel price in China continued to move down.
In the given week, the average prices of rebar, hot rolled coil and high-speed wire rod moved down by 4.0 percent, 4.0 percent and 3.7 percent week on week, respectively.
$1 = RMB 6.3825