Iron ore futures in China surged on Monday February 11, with the most-traded contract opening 8% above the last settlement price with the return of Chinese market participants from a week-long break.
Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,870 yuan ($574) per tonne, up 40 yuan per tonneMay hot-rolled coil: 3,757 yuan per tonne, up 38 yuan per tonneDalian Commodity Exchange May iron ore: 652 yuan per tonne, unchangedMay coking coal: 1,281 yuan per tonne, down 26 yuan per...