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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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