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China ferrous prices drop as steel hub Tangshan cautions mills on irregularities

By Reuters Staff 2 Min Read BEIJING, May 14 (Reuters) - Chinese ferrous futures extended losses on Friday, with steel prices plunging after top producer Tangshan city warned mills to maintain market order, while iron ore is set to give up a weekly gain. The local government said it would look into illegal behaviours and suspend business at mills found manipulating market prices, spreading rumours or storing up goods to make a good bargain, as the growth in steel prices has outpaced the rise in costs. (bit.ly/33FXWV0) The most-traded steel rebar on the Shanghai Futures Exchange , for October delivery, fell 6.0% to 5,640 yuan ($875.03) a tonne as of 0330 GMT.

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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.

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Iron Mountain Agrees To Sell IPM Assets To NCC Group For $220 Mln

WASHINGTON (dpa-AFX) - Iron Mountain Inc. (IRM) Thursday said it signed an agreement to sell its Intellectual Property Management or IPM business to NCC Group in the UK. All of the assets associated

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Column: China will have to do more if it wants to cool iron ore surge - Russell

If China wants to temper the red-hot iron ore and steel sectors it's likely going to have to do more than just talk and tinker around the margins.

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Izrael, Palestina i nasilje: Više od 50 mrtvih, UN strahuju od opšteg rata, vanredno stanje u gradu Lodu posle velikih nereda

Izrael, Palestina i nasilje: Više od 50 mrtvih, UN strahuju od opšteg rata, vanredno stanje u gradu Lodu posle velikih nereda
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