| Steel - Rebar&Wire Rod |
| Latest Updates |
Fundamentals to Support no Big Retreat in Rebar Market, Report
After a round of upswings, the rebar’s market in Shanghai starts to retreat this period, with pressures sent from the soft surrounding markets, worries about world economic growth and rebounding dollar. The rising momentum appears weakening and transactions are on the decrease, as per a report by Beijing Cifco Futures.
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Steel Futures Price Keeps Shedding, Indicating Market Correction in Future
The steel futures prices have stayed low for one week, despite a strong pickup in the stock market yesterday, indicating the possibilities for steel market to slip in the days to come, according to Shanghai Securities News.
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Steel Futures Contract Price to Move up Further
A relief of the policy and ease credit in the recent period have created a climate in which the steel price is in a position to rebound, though the direction of the policy is not reserved fundamentally, according to a report at www.stockstar.com.
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