China's average steel prices fell marginally in late June

Breaking News

JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana

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.

Also Read : India’s coking coal port traffic up 11% in April-Jan Green Shift to Transform India's Steel Sector, Says Economic Advisor

Breaking News

China's average steel prices fell marginally in late June

Related News

NMDC Steel Becomes India’s First Public Sector Integrated Steel Plant

Imposition of carbon tax on developing countries unfair: CEA

Uttar Pradesh to become an EV manufacturing hub

AM/NS India Begins Land Acquisition for Integrated Steel Plant in Andhra Pradesh

Tata Steel Awards John Cockerill India Contract for Pickling Line & Acid Regeneration at Jamshedpur

Tata Power's bifacial solar boosts Chengmari Tea Estate