China AM: Ferrous futures up amid data showing rise in crude steel output

China's ferrous futures picked up on Wednesday March 14 amid the release of data from the National Bureau of Statistics (NBS) showing an increase in the country’s crude steel output in January to February.

Futures closing prices – morning session Shanghai Futures Exchange May rebar: 3,736 yuan ($590.60) per tonne, up 46 yuan per tonne May hot-rolled coil: 3,855 yuan per tonne, up 52 yuan per tonne Dalian Commodity Exchange May iron ore: 489 yuan per tonne, up 7 yuan per tonne May coking coal: 1,276 yuan per tonne, up 25 yuan per tonne May coke: 2,014.50 yuan per tonne, up 38 yuan per tonne Raw materials Metal Bulletin’s 62% Fe Iron Ore Index stood at...


Sophie Zhao

March 14, 2018

07:20 GMT