China's ferrous futures declined during morning trading on Thursday September 20, after the Tangshan government released details of winter steel restrictions the previous day. Limited production cuts are expected because most steel mills in Tangshan are likely to meet the pollution control standard, participants told Metal Bulletin.
Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,144 yuan ($605) per tonne, down 18 yuan per tonneJanuary hot-rolled coil: 3,995 yuan per tonne, down 8 yuan per tonneDalian Commodity Exchange January iron ore: 503 yuan per tonne, down 1 yuan per tonneJanuary coking coal: 1,279 yuan per tonne, down 14 yuan per tonneJanuary coke: 2,323 yuan per tonne, down 2 yuan per tonne Raw materials Metal Bulletin's 62% Fe Iron Ore Index was at $69.46 per tonne cfr Qingdao on Wednesday, down $0.36 per tonne from Tuesday.Its...