China AM: Ferrous futures fall after Trump signs US steel tariffs into law

China’s ferrous futures plunged during morning trading on Friday March 9 after United States President Donald Trump signed off on a 25% tariff on steel imports a day earlier.

Futures closing prices – morning session
Shanghai Futures Exchange
May rebar: 3,703 ($584) per tonne, down 76 yuan per tonne
May hot-rolled coil: 3,805 yuan per tonne, down 62 yuan per tonne
Dalian Commodity Exchange
May iron ore: 486.50 yuan per tonne, down 10 yuan per tonne
May coking coal: 1,307 yuan per tonne, down 24 yuan per tonne
May coke: 2,052.50 yuan per tonne, down 63.50 yuan per tonne
Raw materials
The following was obtained from market sources:

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Published

Gladdy Chu

March 09, 2018

06:15 GMT

Shanghai