Friday evening of snails, strong iron ore are closed limit, SCREW 2072 1605 contract closed up 4.91 percent, iron ore 1605 contract closed 407, up 4.9%, which greatly boosted the market two days weaker confidence, spot market prices continue to see hope.
Sure enough in the futures market rebar, iron ore daily limit Friday stimulation, steel chose wayward soaring again Saturday morning Tangshan billet prices 14~25 USD/ ton, billet offer has risen to 300USD/ ton. Billet rose by stimulation of steel mills, traders will have to follow up, or count less 4.6 to 11.2 USD is normal, more than 15 usd are also many gains, the second price adjustment is quite common, some steel mills, traders price then reported casually entertained then do not sell, and so the opening Monday, as the case may be.