Iron-ore, steel lead China commodities retreat as curbs bite

April 27, 2016

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A major Chinese commodities exchange took further steps to calm volatile markets on Wednesday, hiking transaction fees and widening trade limits in a move that could make exiting futures contracts more orderly.

Iron-ore and steel futures fell again in reaction to higher trading costs, brought in to deter speculative investors believed to be behind last week’s spike in prices and volumes that had stoked fears of a destabilising crash.

Category: General