Steel futures in Shanghai Futures Exchange continued its uptrend on seasonal pick-up in demand. Rebar and HRC futures prices are surging after Chinese authorities and the steel sector pledged measures to reduce output and curb carbon emissions. The closing prices of the most-active iron ore and steel futures on 22 Apr are as follows:
- DCE iron ore futures Sep contract closed at RMB 1,091.5/t (-9)
- SGX iron ore futures May contract closed at $178.95/t (-2.05)
- SHFE rebar futures Oct contract closed at RMB 5,208/t (+20)
- SHFE HRC futures Oct contract closed at RMB 5,552/t (+68)
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