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February 16, 2017

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Iron and steel shares drop

SHANGHAI stocks fell yesterday, led by industrial, technology and materials shares.

The Shanghai Composite Index lost 0.15 percent to 3,212.99 points.

Shares of iron and steel and non-ferrous metal producers declined.

Jiangxi Copper Co fell 5.21 percent to 20.37 yuan (US$2.97), Liuzhou Iron And Steel Co lost 4.45 percent to 5.15 yuan and Gansu Jiu Steel Group Hongxing Iron & Steel Co shed 4.72 percent to 3.43 yuan.

These shares fell in tandem with the fall in the price indexes of steel products by 0.56 percent last month and non-ferrous metals by 0.59 percent.


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