Tag: China steel futures
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Dull demand, grim mood hit China’s ferrous futures
Futures prices of major ferrous commodities in China including steel, iron ore, coke and coking coal have all declined markedly since mid-October, with contracts of the key steelmaking raw materials posting steeper losses. Market players blame rather slack steel demand and the lack of market confidence, Mysteel Global noted. As of October 31, the last…