Iron ore and steel futures in China today surged to a record-high level on prospects about upbeat demand and supply concerns. The most-active DCE iron ore futures May ’21 contract today jumped by RMB 47 to close at RMB 1,073.5/t. SGX’s most-active Jan ’21 contract closed high at $162.37/t. Both, HRC and rebar futures in SHFE hit contract high and closed at RMB 4,609/t and RMB 4,316/t, respectively.
Leave a Reply