China’s Ministry of Commerce (MOC) has announced that during last week (January 14-20) the average finished steel price in China decreased by 0.1 percent compared to the previous week.In particular, in the given week prices of 10 mm common medium plates, 3 mm hot rolled sheet and 6.5 mm diameter high-speed wire rod decreased by 0.4 percent, 0.4 percent and 0.2 percent respectively, all week on week.
In the week ending January 20, average prices of minerals in China witnessed a drop of 0.8 percent week on week. Furthermore, the average price of iron ore in China decreased by 0.9 percent in the week in question, while the prices of tungsten ore, molybdenum ore, lead ore, and copper ore were down 3.5 percent, 0.6 percent, 0.2 percent and 0.1 percent respectively compared to the previous week. Meanwhile, in the given week average prices of energy in China witnessed a slight rise week on week.