China AM: Ferrous futures rise further amid quiet steel market

China’s ferrous futures trended upward during morning trading on Tuesday February 13 with market participants pondering the implications of production and transportation limits being introduced by the country’s steelmaking hub of Tangshan after the winter heating season.

Futures closing prices – morning session Shanghai Futures Exchange May rebar: 3,930 yuan ($622) per tonne, up 20 yuan per tonne May hot-rolled coil: 4,006 yuan per tonne, up 29 yuan per tonne Dalian Commodity Exchange May iron ore: 529 yuan...

Published

Fiona Lam

February 13, 2018

06:27 GMT

Singapore