China Ferrous Metals Prices Tumble after Crazy Gains

  • Friday, August 11, 2017
  • Source:ferro-alloys.com

  • Keywords:China Ferrous
[Fellow][ferro-alloys.com] China Ferrous Metals Prices Tumble after Crazy Gains

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.

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

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  • [Editor:Wang Linyan]

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