China's steel and iron ore futures largely fluctuated downward during morning trading on Thursday March 1 while coking coal and coke contracts ended the session slightly higher than their opening prices.
Futures closing prices - morning session Shanghai Futures Exchange May rebar: 4,047 yuan ($639) per tonne, down 3 yuan per tonne May hot-rolled coil: 4,097 yuan per tonne, down 16 yuan per tonne Dalian Commodity Exchange May iron ore: 545 yuan per tonne, down 0.50 yuan per tonne May coking coal: 1,408 yuan per tonne, up 4 yuan per tonne May coke: 2,264.50 yuan per tonne, up 9.50 yuan per tonneRaw materials The following were obtained from market sources:Vale, Global Ore, 170,000 tonnes of 62% Fe Brazilian Blend fines, offered at May average of Metal Bulletin's 62% Fe Iron Ore Index and another 62% Fe index at a premium of $2.75 per tonne,...