CHINA HRC: Prices steady despite futures jump

Domestic hot-rolled coil prices in China were largely stable but in a wider range on Wednesday September 22, even as futures prices in the ferrous complex jumped on the first trading day after a three-day holiday for the Mid-Autumn Festival.

Domestic
Eastern China (Shanghai): 5,720-5,800 yuan ($885-897) per tonne, widening by 10-20 yuan per tonne
After oscillating in negative territory for most of the day, the most-traded HRC contract on the Shanghai Futures Exchange surged in the last hour of trading before closing on Wednesday. This was likely sparked by a strong rally in rebar, coking coal, coke and iron ore.

HRC futures lagged behind their rebar counterparts because the impact on rebar production from escalated production curbs in...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps