- Dalian iron ore futures rebounded today after witnessing consecutive declines last week. The most-traded Sep iron ore contract gained by RMB 35/t to RMB 1,014/t.
- Most-active May iron ore contract in Singapore Exchange also inched up by $1.95/t to close at $167.2/t.
- Steel futures in Shanghai Futures Exchange fell by around 2%, hit by concerns of regulatory disruptions after Premier Li Keqiang pledged to strengthen control of raw materials to ease the cost pressure of companies, but demand for the industrial metals remains robust.
- The most-active rebar contract for Oct delivery decreased by RMB 83/t to RMB 4,985/t while HRC futures’ most-traded May contract closed at RMB 5,357/t, falling by RMB 103/t.
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