China steel rises as winter cuts loom; iron ore and coal slide
The authorities have ordered steel and other air-polluting industries to curb output in four winter heating months
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Manila
SHANGHAI steel rebar futures jumped nearly 3 per cent on Monday as Chinese markets reopened after a week-long holiday, with investors anticipating production cuts in the world's top steel producer as the country fights smog.
Prices of steelmaking raw materials iron ore and coking coal fell, reflecting worries over weaker demand.
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