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Home / Metal News / China Ferrous Metals Prices Tumble after Crazy Gains, SMM Reports

China Ferrous Metals Prices Tumble after Crazy Gains, SMM Reports

iconAug 11, 2017 12:06
Source:SMM
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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

 

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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