China's average steel prices fell marginally in late June

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China's average steel prices fell marginally in late June

Ferrous 04 Jul 2024 04:45 PM IST Steel Orbis

The average finished steel price in China decreased slightly over the June 24–30 period this year, according to China's Ministry of Commerce (MOC). The average cost of steel channels, rebar, and high-speed wire rods dropped by 1.2%, 1.3%, and 1.2% weekly during the specified time.

During the same period, the average prices of thermal coal, smoke-free lump coal, and coking coal fell by 0.5%, 0.5%, and 0.2%, respectively, week after week.

According to the National Bureau of Statistics of China, during the same period, the average price of 16–25 MM HRB 400 REBAR in China decreased by $12/MT, or 2.3%, to $492/MT, compared to mid-June (June 11–20). In the given period, the average prices of wire rod, medium plate, hot rolled coil (HRC), seamless steel pipes, and angles decreased by 2.2%, 2.1%, 1.2%, 0.7%, and 2.2%, respectively, compared to mid-June.

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China's average steel prices fell marginally in late June

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