Hints and tips:
...In China, the most-traded steel rebar contract fell by its most since it started trading in 2009 and iron ore futures dropped by their daily limit of 6 per cent....
...The rebar steel contract rose 6 per cent and iron ore futures on China’s Dalian Commodity Exchange snapped a six-day losing streak during which they fell 16 per cent, adding 1 per cent....
...More rebar futures were traded on Thursday than China producers in an entire year....
...In a sign of growing customer demand, CME Group announced on Thursday that it was launching a steel rebar swap futures product based on Chinese domestic prices that would begin trading on Nymex next month...
...At the steel mills, inventory of rebar and hot rolled coil are at relatively comfortable levels, despite having fallen from historical levels seen earlier this year (Figure 5)....
...The contract at the Shanghai Futures Exchange for rebar steel, commonly used in construction, has fallen 18.1 per cent since September to Rmb4,021 a tonne on Tuesday. Last week, it hit a year-low....
...Chinese hot-rolled coil and rebar prices have performed strongly since they dipped in July, and Chinese hot-rolled coil prices rose 3.5 per cent on Monday....
...Union Insurance, a unit of Taiwan’s crumbling Rebar conglomerate, has agreed to sell a controlling stake to Newbridge Capital for $100m, underscoring the interest of private equity groups in the Taiwan market...
International Edition