China: Steel futures fall on weak demand outlook

Steel futures on the Shanghai Futures Exchange (SHFE) fell by 2.6% on 14 Sept’21 as demand is expected to remain weak in the Chinese market amidst tighter steel production curbs. Closing prices:

• SHFE re-bar futures Jan’22 contract: RMB 5,492/t ($852) (-RMB 150)
• SHFE HRC futures Jan’22 contract: RMB 5,689/t ($883) (-RMB 116)
• DCE iron ore futures Jan’22 contract: RMB 711/t ($110.3) (+RMB 5)
• SGX iron ore futures Oct contract: $120.95/t (-$1.4)