CHINA REBAR: Sentiment bearish despite higher mill offers pushing up prices China import billet prices largely flat but sellers bullish Iron ore market on Chinese market holidays Alliance of Russian steelmakers to protect environment China Development and Reform Commission efforts to supply steel power
Currently, everything that happens in the commodity market is due to the margins related to gold and its cross-sectional decline in the market. Due to the decline in the value of gold as the most prominent member of commodities, we see that the commodity perspective and consequently money is offered in the market with less support than gold. Iron ore is one of the marginal but highly traded markets in commodities. China has started a risky game in the field of commodities.