China AM: Steel futures rise further ahead of weekend

Steel futures in China moved up during morning trading on Friday May 19 while the raw material contracts were little changed, with market participants seeing limited upside for physical iron ore and coking coal prices.

Futures closing prices – morning session Shanghai Futures Exchange October rebar: 3,218 yuan ($466.90) per tonne, up 22 yuan ($3.20) per tonne October hot rolled coil: 3,085 yuan ($447.60) per tonne, up 15 yuan ($2.20) per tonne Dalian Commodity Exchange September iron ore: 476.50 yuan ($69.10) per tonne, up by 1 yuan ($0.20) per tonne September coking coal: 1,050.50 yuan ($152.40) per tonne, up by 1 yuan ($0.20) per tonne Raw materials Vale is offering 170,000...


Deepali Sharma

May 19, 2017

07:23 GMT