International Steel Prices
August 8, 2017
Update from China: Iron Ore, Futures, Export Price Offers
Written by John Packard
On Monday, the futures markets surged 7 percent in China. We reached out to one of our trading contacts in China to see what we could learn about physical steel trading prices into the export markets out of China:
Future’s market jumped 7% yesterday but only on Hot Money influx. Spot market was up RMB15 per metric ton on Debars [rebar] and Ore respectively, a mere USD2.15 per metric ton (MT).
