China's Ministry of Commerce (MOC) has announced that during last week (October 15-21) average steel prices in China indicated a week-on-week decrease of 0.3 percent , while iron ore prices have declined by 2.9 percent compared to the previous week.
In the given week, the prices for 12 mm diameter rebar and 6.5 mm diameter high speed wire rod have decreased by 0.5 percent and 0.8 percent week-on-week respectively.