Iron ore futures in China gained by 1.2% on stricter curbs in the top steel making cities. Recently, Hebei’s Handan city rolled over production limitations till 30 Jun, effective from 21 Apr. Steel futures in Shanghai Futures Exchange extended gains with rebar futures rising by 1.7%. The closing prices of the most-traded iron ore and steel futures on 23 Apr are as follows:
- DCE iron ore futures Sep contract closed at RMB 1,104.5/t (+13)
- SGX iron ore futures May contract closed at $180.95/t (+2)
- SHFE rebar futures Oct contract closed at RMB 5,299/t (+91)
- SHFE HRC futures Oct contract closed at RMB 5,590/t (+38)
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