In January-May this year, China's weighted average purchase price of coking coal, metallurgical coke, domestic iron ore and imported iron ore increased by 4.54 percent, 1.91 percent, 2.49 percent and 1.1 percent year on year, respectively, while China's weighted average purchase price of ferrous scrap decreased by 0.5 percent year on year, as announced by the China Iron and Steel Association (CISA).
In May this year, the weighted average purchasing price of coking coal, metallurgical coke, Chinese iron ore (dry basis), imported iron ore and ferrous scrap increased by 1.4 percent, 4.42 percent, 0.03 percent, 0.22 percent and 0.97 percent on a monthly basis, respectively.
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