Chinese Steel Prices at 3-Week Low

Base Metals Investing

Reuters reported that Shanghai rebar futures fell to their lowest in almost three weeks on Monday. Iron ore futures also retreated, closing down 0.3 percent at 932 yuan a tonne.

Reuters reported that Shanghai rebar futures fell to their lowest in almost three weeks on Monday. Iron ore futures also retreated, closing down 0.3 percent at 932 yuan a tonne.

As quoted in the market news:

The most briskly traded rebar contract for May delivery on the Shanghai Futures Exchange fell as low as 3,583 yuan ($590) a tonne, its weakest since Oct. 29. It closed down 0.6 percent at 3,592 yuan.

Click here for the full Reuters story

The Conversation (0)
×