China: Iron ore futures soften, steel futures soar

Dalian iron ore futures today marked a slight drop while steel futures in Shanghai Futures Exchange hit fresh records as the government added to a sweep of measures aimed at reining in output and emissions in the world’s top producer.

The closing prices of the most-traded iron ore and steel futures on 29 Apr are as follows:

  • DCE iron ore futures Sep contract closed at RMB 1,126/t (-12)
  • SGX iron ore futures May contract closed at $187.75/t (+0.45)
  • SHFE rebar futures Oct contract closed at RMB 5,452/t (+94)
  • SHFE HRC futures Oct contract closed at RMB 5,787/t (+96)

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