China's ferrous futures trended downward during morning trading on Thursday May 17 before minimizing their losses toward the end of the session, with the benchmark hot-rolled coil contract performing the best by closing higher than its opening price.
Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,680 yuan ($577) per tonne, down 4 yuan per tonne October hot-rolled coil: 3,845 yuan per tonne, up 18 yuan per tonne Dalian Commodity Exchange September iron ore: 483 yuan per tonne, down 1.50 yuan per tonne September coking coal: 1,256 yuan per tonne, down 18 yuan per tonneSeptember coke: 2,110 yuan per tonne, down 10.50 yuan per tonne Raw materials East China's Rizhao Iron & Steel was heard to have raised its coke purchase price by another 100 yuan per tonne from Thursday...