Rebar futures in Shanghai Futures Exchange (SHFE) have plunged by RMB 61 and closed at RMB 3,658/t as demand for steel weakened due to production curbs in China. DCE iron ore futures fell further by RMB 19.5 to RMB 824.5/t while Singapore futures closed at $121.2/t, decreased by $1.82 d-o-d.
Leave a Reply