China's Ministry of Commerce (MOC) has announced that during last week (May 17-23) the overall average finished steel price in China moved down.
In the given week, the average prices of rebar, high-speed wire rod and hot rolled coil (HRC) decreased by 5.6 percent, 5.2 percent and 4.7 percent, respectively, week on week.
$1 = RMB 6.4099