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2017 - 02 - 23
China's steel market continued to rise after the Spring Festival, in advance of the traditional "gold, silver and silver four" peak season prosperity.The composite steel index stood at 3972.94 as of February 22, up 0.13% from the previous day, according to Mysteel.However, the index is up nearly 10 per cent from before the Spring Festival.The surge in steel spot prices has been accompanied by a surge in iron ore spot, rebar and iron ore, among other black lines.However, after continuing to hit new highs, the black sector futures face a correction on February 22.Mysteel steel analyst ...
2019 - 09 - 30
Chinese steel futures edged up on Thursday in more range-bound trade ahead of the Lunar New Year holidays, while iron ore slipped after a three-day advance spurred by a disruption in supply from Rio Tinto’s export facility in Australia.The most actively traded May rebar on the Shanghai Futures Exchange was up 0.8 percent at 3,554 yuan ($526.50) a tonne by 0229 GMT. Hot rolled coil was at 3,452 yuan, up 0.8 percent.“Trading is getting slower this week ahead of the Chinese New Year holidays (in early February),” a Shanghai-based trader said. “I don’t think there will be much change in the market...
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