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China Steel Rebar, Iron-Ore Prices Edge Up -- Market Talk

12 Jun 2017 2:27 am
 

0227 GMT - China's steel rebar and iron-ore futures were trading marginally higher Monday. Steel rebar prices stabilized after China's strong trade data alleviated concerns about an economic slowdown, but iron-ore remains under pressure due to oversupplies and high inventories. Still, some bargain-hunting has supported iron-ore prices, which are currently near levels last seen in October. Shanghai steel rebar is up 0.3% at CNY3,178/ton, while Dalian iron-ore is up by a similar margin at CNY435/ton. (biman.mukherji@wsj.com)
 
 

(END) Dow Jones Newswires

June 11, 2017 22:27 ET (02:27 GMT)

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