SUBSCRIBERS
China steel, iron ore futures hit highs as mills cut output
Published Mon, Dec 4, 2017 · 09:50 PM
Shanghai
CHINESE iron ore and steel futures surged to three-month highs on Monday as the government-ordered steel production cutbacks led to tighter supplies for some mill products.
The upwards push was led by a big spike in steel prices that follows the global top producer's orders to 28 cities to cut industrial production to battle smog and clean skies.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
China’s push for greener aluminium hit by erratic rains, power cuts
Philippines says US, China eyeing mining opportunities, especially in nickel
Gold set for best week in five on renewed US rate-cut hopes
Biden determined to keep US Steel in US hands: White House
Oil holds near one-week high on rising demand hopes after China, US data
India projects biggest power shortfall in 14 years