According to media report on the last day of 2013, the future prices of the steel deformed bar has gained for a third day in Shanghai Future Exchange as high as 0.4 percent to about US$598/ton.
The reason is to be believed that it is concerned that the supply of iron ore from Australia may face uncertainty due to a cyclone heading into Australia.
The 2013–14 Australian region cyclone season is an event in the ongoing cycle of tropical cyclone formation. It officially started on 1 November 2013, and will end on 30 April 2014.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67960&division=A4
