China’s Ministry of Commerce (MOC) reported a marginal decline in average finished steel prices during the period from May 5 to May 11.
According to the MOC, during this timeframe:
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Rebar prices fell by 0.3% week-on-week
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High-speed wire rod prices declined by 0.2%
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Hot rolled steel strip prices dipped by 0.1%
In the coal market, similar softness was observed:
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Thermal coal prices dropped 0.3%
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Smoke-free lump coal and coking coal both declined by 0.1%
The slight downturn reflects moderate market adjustments amid ongoing fluctuations in demand and supply across China’s steel and energy sectors.
VietnamSteel by Hoa Sen Group
