DCE iron ore futures today jumped by over 7.5% to a record high level as higher Chinese steel production and rebounding global steel demand outrun feedstock supplies. Chinese steel futures surged by over 5.8% on optimistic sentiments.
The closing prices of the most-traded iron ore and steel futures contract on 10 May are as follows:
- DCE iron ore futures Sep contract closed at RMB 1,326/t (+99.5)
- SGX iron ore futures June contract closed at $223/t (+18.6)
- SHFE rebar futures Oct contract closed at RMB 6,012/t (+334)
- SHFE HRC futures Oct contract closed at RMB 6,335/t (+336)
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