China AM: Steel futures rise after release of latest output data

By Sophie Zhao / January 24, 2018 / www.metalbulletin.com / Article Link

China's ferrous futures had a mixed morning on Wednesday January 24, with steelmaking raw materials contracts experiencing little change while those for steel ended the session higher after the release of mills' production data a day earlier.

Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,935 ($614) per tonne, down 22 yuan per tonne May hot-rolled coil: 3,926 yuan per tonne, down 26 yuan per tonne Dalian Commodity Exchange May iron ore: 522 yuan per tonne, flat May coking coal: 1,282.50 yuan per tonne, up 3.50 yuan per tonne May coke: 1,984 yuan per tonne, flatRaw materials The following were obtained from market sources:Rio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, laycan February 23-March 4 (closes at 3pm Beijing time).Rio Tinto, Beijing Iron Ore Trading Center, 210,000 tonnes of 61% Fe Pilbara Blend fines, offered at February average...

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