China AM: Steel futures maintain strength, raw materials pick up

China’s ferrous futures experienced a slight uptick on Thursday January 17 across the board, with steel contracts maintaining their strength from a day earlier.

Futures closing prices – morning session Shanghai Futures Exchange May rebar: 3,557 yuan ($526) per tonne, up 5 yuan per tonne May hot rolled coil: 3,464 yuan per tonne, up 16 yuan per tonne Dalian Commodity Exchange May iron ore: 513 yuan per tonne, up 1 yuan per tonne May coking coal: 1,232 yuan per tonne, up 7.50 yuan per tonne May coke: 2,036 yuan per tonne, up 4.50 yuan per tonne Raw materials The following were obtained from market sources: Global Ore, 170,000 tonnes of 62% Fe Pilbara Blend fines, offered at...


Alex Theo

January 17, 2019

06:40 GMT