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Iron-Ore Shanghai Rebar Hits Records After China Holiday
Feb. 10, 2011 11:03AM PST
Base Metals Investing Reuters Africa reported that Shanghai steel rebar futures steadied after reaching a record as Chinese traders came back from a week-long Lunar New Year holiday.
Reuters Africa reported that Shanghai steel rebar futures steadied after reaching a record as Chinese traders came back from a week-long Lunar New Year holiday.
The article states:
Tight global supplies had helped boost prices. Data on Wednesday showed iron ore shipments from the Port Hedland in top iron ore exporter Australia fell 11.5 percent in January from December.
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