China's Ministry of Commerce (MOC) has announced that during last week (January 11-17) the overall average finished steel price in China edged down slightly.
In the given week, all the average prices of rebar, high-speed wire rod and steel plate declined by 0.4 percent week on week.
On January 21, 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 the January 21-31 period.