China's Ministry of Commerce (MOC) has announced that during last week (October 10-16) the overall average finished steel price in China increased by 0.9 percent week on week.
In the given week, average prices of high-speed wire rod, hot rolled sheet and rebar in China rose by 1.2 percent, 1.1 percent and 1.0 percent week on week, respectively.
In the same week, the average price of non ferrous metals in China increased by 0.3 percent week on week. The average price of nickel (Ni> = 99.2%) rose by 0.9 percent compared to the previous week.
In the week in question, the average price of coal in China increased by 0.8 percent week on week. In particular, the average prices of coking coal, thermal coal and anthracite coal moved up by one percent, 0.8 percent and 0.4 percent week on week, respectively.