China's Ministry of Commerce (MOC) has announced that during last week (November 12-18) the overall average steel price in China remained unchanged compared to the previous week.
In particular, in the given week prices of 1 mm cold rolled sheet and 3 mm hot rolled sheet both increased by 0.3 percent week on week, while prices of 6.5 mm diameter high-speed wire rod and 12 mm diameter rebar indicated respective week-on-week decreases of 0.3 percent and 0.1 percent. In the week ending November 18, average prices of minerals in China witnessed a decline of 0.7 percent week on week. Furthermore, the average prices of iron ore, lead ore and copper ore in China decreased by one percent, 0.8 percent and 0.6 percent respectively in the week in question, all compared to the previous week.