China's Ministry of Commerce reported that average prices of rolled finished products increased between November 13-19 this year. During this period, average prices increased on a weekly basis;
steel sheet by 1.4
hot rolled steel bars 1.4
rebar prices increased by 1.3%.
This rise in prices is particularly noteworthy in the steel sector. Although steel production and consumption in China is quite high, it is known that there has been a supply shortage in recent months. This has led to a rise in prices.
In the same period, average prices of coking coal and thermal coal also increased by 0.4%. As coal is an important source of energy in China, its rising prices have an impact on the energy sector.
This may also have an impact on the consumer and industrial sectors. In particular, the construction sector may increase costs due to rising raw material prices, which may affect housing prices.
It is important for China's Ministry of Commerce to monitor this data and assess the impact of price increases on sectors. In this way, necessary measures can be taken and steps can be taken to prevent fluctuations in the markets.
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