China Ferrous Metals Prices Tumble after Crazy Gains, SMM Reports

Published: Aug 11, 2017 12:06

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On Aug. 11, prices of ferrous metals tumbled after sharp gains in recent days.

SHANGHAI, Aug. 11 (SMM) – On Aug. 11, prices of ferrous metals tumbled after sharp gains in recent days.

As of mid-day trading on Friday, price of DCE most actively-traded iron ore contract closed down by 5.2 percent, and price of SHFE most actively-traded rebar and hot-rolled coil contracts ended lower by 3.5 per cent and 2.9 per cent, respectively.

SMM Interpretation of China Crazy Steel Rise Following CISA Meeting

Earlier, news heard that SHFE will likely raise trading margins for rebar futures contracts.

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steel prices china steel price rebar price

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