Tag: China steel prices
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Chinese market outlook: Navigating volatility, policy dynamics in ferrous markets
Horizon Insights: Volatility increased over the last two days with a quick surge during the day+night before (on the back of the basket of policies), and this bullishness continued during the start of yesterday before subsiding. SHFE rebar and DCE iron ore hit our upper bound price reference of CNY 3,280 and CNY 730, respectively.…