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China Ferrous Metals Prices Tumble after Crazy Gains, SMM Reports
Aug 11, 2017 12:06Source: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.
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