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Nanjing University Hosts 7th Faculty and Staff Congress Alongside 3rd Session of the 18th Trade Union Congress

Nanjing University Hosts 7th Faculty and Staff Congress Alongside 3rd Session of the 18th Trade Union Congress
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Regulators in top steel-making cities warn of price abnormalities, signaling government s intention to curb runaway steel prices

Regulators in top steel-making cities warn of price abnormalities to curb runaway steel prices Chu Daye Published: May 14, 2021 02:58 PM A worker checks the quality of steel plates at a factory in Taizhou, East China s Jiangsu Province on Monday. Data from the National Bureau of Statistics showed that in the first two months of 2021, China s total value added of industrial enterprises above designated size grew by 35.1 percent year-on-year. Photo: cnsphoto Market regulators in two Chinese steel-making cities warned steel mills of runaway steel prices on Friday, in what analysts and industry insiders described as a strong sign of the government s determination to curb commodities prices.

Steel product futures plunge as regulators issue warning | Hellenic Shipping News Worldwide

Steel product futures plunge as regulators issue warning Commodities futures started showing signs of being tamed on Friday after Chinese exchanges hiked transaction fees earlier in the week, amid rising attention from the Chinese government and market regulators’ warning to steel mills. Most traded futures contracts for iron ore, hot-rolled coils and coking coals have shown signs of faltering, from historically record high levels, during night trading on Thursday. The declining trend continued into morning trading on Friday. Iron ore futures were down nearly 10 percent, with hot rolled steel down 6 percent and coking coal declining 6.5 percent, as of press time on Friday.

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