China Ferrous Metals Gather Rising Strength on Positive Factors

Published: Aug 17, 2017 11:40

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Futures prices of ferrous metals in China’s market gained rising momentum on Thursday.

SHANGHAI, Aug. 17 (SMM) – Futures prices of ferrous metals in China’s market gained rising momentum on Thursday.

SMM attributes the rise to mainly two factors.

Tangshan Advances Coal-to-Gas Switch for Steel Rolling Plants, Fanning Bullish Sentiment

First, technical rally is available after a 5-day correction on the SHFE rebar futures market. Second, the surge in LME base metals market, getting support from supply-side reform, also pushed up ferrous metals prices.

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steel prices china steel price rebar price

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