China's ferrous futures all opened high but went on to tank during morning trading on Tuesday May 15, following the release of data pointing to a high supply of steel in the country.
Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,656 yuan ($577) per tonne, down 47 yuan per tonne October hot-rolled coil: 3,763 yuan per tonne, down 26 yuan per tonne Dalian Commodity Exchange September iron ore: 483.50 yuan per tonne, down 8 yuan per tonne September coking coal: 1,261...