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Commodities Briefing - Categorized | Market Moves, Price Watch more

Steel and its raw materials rally again

Posted on 23 November 2016

Prices of steel and its raw materials soared to hit their trade limits in China on Tuesday as investors returned to the market to pick up sold-off commodities, but a shaky demand outlook suggests the gains would again be fleeting.
Chinese rebar steel and raw materials like coal and iron ore pulled back from this month’s multi-year highs after exchanges in Shanghai, Dalian and Zhengzhou cracked down on speculative trading by raising transaction charges………………………………………Full Article: Source


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