China's ferrous futures experienced a third morning of gains on Thursday March 29 after big losses toward the end of last week after both the country and the United States announced fresh tariffs against each other's products.
Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,260 yuan ($518) per tonne, up 42 yuan per tonne May hot-rolled coil: 3,616 yuan per tonne, up 25 yuan per tonneDalian Commodity Exchange May iron ore: 438 yuan per tonne, up 3 yuan per tonneMay coking coal: 1,203 yuan per tonne, up 0.50 yuanMay coke: 1,764 yuan per tonne, down 7 yuan per tonneRaw materials The following was obtained from market sources:Rio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, laycan April 10-19 (closes at 3pm Beijing time).Metal Bulletin's 62% Fe Iron Ore Index stood at...