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Chinese steel rebounds as output curbs deepen, iron ore dips

Shanghai/Manila

CHINESE steel futures bounced back on Monday after a three-day drop as output cuts in the world's top producer deepened in line with China's anti-pollution campaign, tightening supply.

The most-active rebar on the Shanghai Futures Exchange jumped 1.6 per cent to close at 3,912 yuan (S$799) a tonne.

China has ordered industrial plants across 28 cities to curb output during winter as part of its efforts to reduce smog.

At the weekend, there were further production curbs in steel mills and...

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