Reduction of metal prices in the London Stock Exchange – Tejaratnews

According to Tejarat News, a review of yesterday’s trading of steel products in the most important European Metal Exchange (LME) shows that in the last trading hours in the London Stock Exchange, more than half of the important stages in this market were facing a price reduction. In the meantime, the rate of American hot plate had a imperceptible increase.

According to Fouladban, based on information from the London Metal Exchange trading board, the price of each ton of rebar for daily delivery decreased by 18 dollars and reached the rate of 628 dollars and 50 cents. Also, one-month rebar future contracts were concluded with a drop of 10 dollars and 50 cents, at a price of 670 dollars per ton.

In the meantime, each ton of scrap for daily delivery was sold at a rate of $348, with a decrease of $7, while one-month delivery futures contracts were traded with a drop of $2, at a price of $364 and 50 cents per ton.

The one-month FOB futures contracts rose by $2.5 to $762 and 50 cents.

In addition, the one-month FOB China hot plate futures contract was unchanged at $548 and 50 cents per ton.