Category archives: Ferrous

DCE surges on accelerated bond completion by end-Oct

Iron ore futures rose further upon news of special bonds issuance to be completed by end-October, according to the China’s Ministry of Finance. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange went up by 1.02% or RMB 8.50 day-on-day to RMB 840 per tonne on Thursday. The steel rebar contract …

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Steel and Scrap News

*Physical scrap moves higher on increased fixtures prior to Turkish holiday Turkish scrap import prices continued to strengthen this week, amid strong finished product demand. A Baltic based seller recently transacted an HMS 80:20 and bonus scrap cargo at $271/t and $281/t CFR respectively, a $5 increase over where physical was trading last week. However, …

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DCE rebounds over tight supply

Iron ore futures inched up at the closing of the afternoon session over supply tightness of mid-grade ores among portside stocks. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange rose by 2.31% or RMB 19 day-on-day to RMB 841.50 per tonne on Wednesday. Then, the steel rebar contract on the …

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