SteelMint

Author: Lalita

  • China: HRC futures slump on dull demand outlook, iron ore stable

    China: HRC futures slump on dull demand outlook, iron ore stable

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    by

    Lalita
    in

    HRC futures on the Shanghai Futures Exchange (SHFE) dropped by 2.5% on 23 Sep’21, while re-bar futures dipped 0.9%. Closing prices: SHFE HRC futures Jan’22 contract: RMB 5,612/t ($870) (-RMB 149) SHFE re-bar futures Jan’22 contract: RMB 5,605/t ($868) (-RMB 51) DCE iron ore futures Jan’22 contract: RMB 667/t ($103) (-RMB 1.5) SGC iron ore…