China's Ministry of Commerce (MOC) has announced that during last week (January 4-10) the overall average finished steel price in China edged up slightly.
In the given week, the average prices of rebar, steel channel, high-speed wire rod and steel plate rose by 0.6 percent, 0.6 percent, 0.2 percent and 0.1 percent, respectively, week on week.
On January 11, Jiangsu Province-based Shagang Group, China’s largest private steelmaker, kept its offer prices for high-speed wire rod and bar-in-coil stable, though it raised its price for rebar by RMB 50/mt ($8/mt), for the January 11-20 period.