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Home Steel News Steel deformed bar hits three days high at Shanghai Future Exchange
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Steel deformed bar hits three days high at Shanghai Future Exchange

2 Jan 2014 13:56 reported by Mike Lo

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According to media report on the last day of 2013, the future prices of the steel deformed bar has gained for a third day in Shanghai Future Exchange as high as 0.4 percent to about US$598/ton.

The reason is to be believed that it is concerned that the supply of iron ore from Australia may face uncertainty due to a cyclone heading into Australia.

The 2013–14 Australian region cyclone season is an event in the ongoing cycle of tropical cyclone formation. It officially started on 1 November 2013, and will end on 30 April 2014.

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