Both Steel and Iron Ore Prices Fall in China
OREANDA-NEWS. December 14, 2011. The overall prices of means of production monitored by the Ministry of Commerce continued to fall during the week.
Iron ore and steel prices went down by 0.8 percent and 0.3 percent week-on-week respectively due to lower winter demand.
The prices of 14# I beam, 10 mm ordinary medium plate and 6.5 mm high-speed wire rod dropped 0.7 percent, 0.6 percent and 0.5 percent respectively.
Coke prices slipped 1 percent, marking the seventh consecutive weekly decline.
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