Tag: Steel futures in China
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China weekly: Rally in futures lend support to steel prices
This week, Chinese steel prices gained strength from the rally in the futures market, as authorities implemented anti-smog measures since the beginning of the week. Also, a rollover in flat steel prices for Feb’22 announced by China’s leading steel producer, Baosteel, kept the market sentiments buoyed. 1. China spot iron ore prices rise: Chinese spot…