China average Steel prices continue decline: MOC

BEIJING (Scrap Monster): China's Ministry of Commerce (MOC) has reported that last week (August 27 to September 2) average steel prices in China indicated a decline of 0.9% week-on-week.

In particular, in the given week average prices of 3 mm hot rolled sheet, 6.5 mm diameter high-speed wire rod and 50 mm x 50 mm x 5 mm equal angles in China declined by 1.3%, 1.2% and one percent week-on-week, respectively.