China: Steel futures rise by up to 1.5%

Chinese steel futures today rose by as much as 1.5% d-o-d, as per SteelMint’s assessment. SHFE rebar futures for May delivery closed at RMB 4.360/t and HRC May futures contract closed at RMB 4,489/t. On the other hand, DCE iron ore futures May contract remained range-bound and closed at RMB 1,053/t while SGX Feb iron ore futures contract closed $169.1/t