Ferrous futures in China plunged during the morning trading session amid trade tensions between the country and the United States, with both announcing tariffs on each other's products.
Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,406 yuan per tonne, down 79 yuan per tonne May hot-rolled coil: 3,554 yuan per tonne, down 64 yuan per tonne Dalian Commodity Exchange May iron ore: 442.50 yuan per tonne, down 7 yuan per tonne May coking coal: 1,235.50 yuan per tonne, down 10 yuan per tonne...