China AM: Steel futures climb on bullish sentiment

China’s ferrous futures were mixed during morning trading on Friday August 10 with raw materials contracts largely stable while those for steel climbed amid bullish sentiment resulting from plans for stricter winter production cuts this year.

Futures closing prices – morning session Shanghai Futures Exchange October rebar: 4,241 yuan ($622) per tonne, up 22 yuan per tonne October hot-rolled coil: 4,213 yuan per tonne, up 15 yuan per tonne Dalian Commodity Exchange January iron ore: 512.50 yuan per tonne, down 1 yuan per...

Published

Paul Lim

August 10, 2018

06:59 GMT

Singapore