According to the data released by MOFCOM recently, Chinese domestic steel price decreased by 0.3% last week as compared to prior week. Looking at the price trend in last week in detail, the price for I-beam with specification of 14#, medium plate with thickness of 10 mm and high speed wiro rod with diameter of 6.5 mm had declined by 0.7%, 0.6% and 0.5% respectively as compared to prior week.
Meanwhile, during the given period, the domestic coke price dipped by 1% vs prior week and by 5.1% as compared to middle October. Besides, the price for iron ore in last week also dropped by 0.8% from previous week.