China's Ministry of Commerce (MOC) has announced that during last week (February 15-21) the overall average finished steel price in China increased.
In the given week, the average prices of rebar, hot rolled steel strip, steel channel and high-speed wire rod rose by 1.4 percent, 1.4 percent, 1.1 percent and 1.1 percent, respectively, week on week.
On February 21, major Chinese steelmaker Shagang Group kept its offer prices for high-speed wire rod, bar-in-coil and rebar stable for February 21-28.