In a recent report, the China Iron and Steel Association (CISA) unveiled significant fluctuations in the weighted average purchase prices of crucial steelmaking materials throughout January-November this year.
According to CISA, domestically produced coking coal, metallurgical coke, iron ore fines, and ferrous scrap in China experienced notable declines, registering drops of 19.35%, 22.59%, 2.06%, and 15.07%, respectively, during the 11-month period.
However, the report highlights a contrasting trend in the prices of imported iron ore fines, which saw a 1.91% increase over the same period.
Breaking down the data for November, the CISA report reveals a month-on-month rise in the weighted average purchase prices for these commodities. Specifically, there was an uptick of 2.03% for coking coal, 0.25% for metallurgical coke, 2.17% for iron ore fines, and 1.91% for ferrous scrap.
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