Metal futures slide on new push

Iron ore and steel products futures in China saw a big slump on Wednesday, due to regulators' determination to curb rising prices, experts said.

"Facing the continued increase of metal futures these days in China, regulators introduced several regulations and policies to stabilize prices, so as to ensure the sound development of related sectors," said Wang Guoqing, research director at the Lange Steel Information Research Center.

Iron ore futures at the Shanghai Futures Exchange slid 3.82 percent to 578.5 yuan ($86.3) per metric ton on Wednesday, after peaking at 609.5 yuan on Tuesday, its strongest level since March 16.