Chinese HRC price rise stimulates buying activity

Trading in China's spot hot-rolled coil market picked up on Wednesday November 3, with prices rebounding after two consecutive days of sharp losses.

Domestic
Eastern China (Shanghai): 5,050-5,100 yuan ($789-797) per tonne, up by 50 yuan per tonne
Spot HRC prices in eastern China recovered from an eight-month low during the day while the most-traded HRC contract on the Shanghai Futures Exchange also bounced back after three days of losses.

The recovery came amid across-the-board gains for ferrous futures. The most-traded rebar contract on the SHFE and benchmark iron ore contract on the...

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