You are here: Home > Steel News > Latest Steel News > MOC:...

MOC: Average finished steel price in China down slightly

Wednesday, 15 January 2014 11:00:00 (GMT+3)   |   Shanghai
       

China's Ministry of Commerce (MOC) has announced that during last week (January 6-12) the overall average finished steel price in China decreased by 0.2 percent week on week.

In the given week, the average prices of 80 mm x 43 mm x 5 mm channel bar, 12 mm diameter rebar and 6.5 mm diameter high-speed wire rod were down 0.4 percent, 0.3 percent and 0.3 percent week on week, respectively.

In the week ending January 12, the average price of minerals in China was down 0.1 percent compared to the previous week. In particular, the average prices of tin ore, zinc ore, copper ore and lead ore were down 2.7 percent, one percent, 0.7 percent and 0.6 percent respectively, while the average price of iron ore remained stable .

In the given week, the average price of non-ferrous metals in China was down 0.7 percent compared to the previous week. The average price of nickel (Ni >= 99.2%) remained stable week on week.

In addition, in the week in question the average price of energy in China was down 1.2 percent week on week. The average prices of brown coal, bituminous coal and anthracite coal were down 3.7 percent, 2.2 percent and 1.8 percent respectively, all week on week.


Similar articles

Attendees of the SteelOrbis Steel Trade conference "look for the light"

13 Jul | Steel Matters

Conversation with Dr. Zeki Kaya, Albania Country Coordinator of Kurum Holding Co. and with Mr. Rifat Esen, Chief ...

16 Aug | Steel News

Billet prices for SE Asian buyers fall, but trading not so active with more declines possible

14 Nov | Longs and Billet

China becomes aggressive in billet exports again, pressure on ASEAN mills increases

12 Nov | Longs and Billet

Local Chinese steel pipe prices stable or down slightly

08 Nov | Tube and Pipe

Ex-China billet stabilizes amid positive expectations, ASEAN mills focus on other products

05 Nov | Longs and Billet

New prices from Vietnam’s Hoa Phat boost sentiments despite decline

01 Nov | Flats and Slab

Uncertainty prevails in Vietnam’s HRC import market amid Chinese futures fluctuations

31 Oct | Flats and Slab

Import billet prices in SE Asia up slightly as traders not eager to offer in short positions

31 Oct | Longs and Billet

Ex-Asia billet pricing lacks direction amid tentative optimism in China, rare deals with discounts

30 Oct | Longs and Billet