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Chinese Regulators Likely to Take further Action to Cool Ferrous Metals Fever 
Aug 22,2017 09:58CST
smm insight
Source:SMM
Li Haichao, Deputy Director of Futures Supervision Department under China Securities Regulatory Commission (CSRC) paid a visit to China Iron and Steel Association (CISA) yesterday afternoon.

SHANGHAI, Aug. 22 (SMM) – Li Haichao, Deputy Director of Futures Supervision Department under China Securities Regulatory Commission (CSRC) paid a visit to China Iron and Steel Association (CISA) yesterday afternoon.

Ferrous Metals Continue Soaring; Zinc Hits New High

Li and officials from CISA discussed how to join hands in promoting stable and healthy development of steel industry. 

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Ferrous metals prices continued soaring, ignoring measures taken by regulators, such as position limits and trading margin adjustments. 

The visit by CSRC suggests surge in ferrous metals prices has caught regulator’s attention and that more measures may be taken if ferrous metals futures prices continue rising sharply.  

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