China AM: Steel futures rise amid strengthening physical market

By Deepali Sharma / April 25, 2018 / www.metalbulletin.com / Article Link

China's steel futures edged up during morning trading on Wednesday April 25, with prices in the physical market gaining strength amid some recovery in demand.

Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,581 yuan ($567) per tonne, up 17 yuan per tonne October hot-rolled coil: 3,690, up 9 yuan per tonne Dalian Commodity Exchange September iron ore: 473 yuan per tonne, up 2.50 yuan per tonne September coking coal: 1,171 yuan per tonne, down 1 yuan per tonne September coke: 1,941, up 12 yuan per tonne Raw materials The following was obtained from market sources:Rio Tinto,...

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