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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

Tue, Oct 10, 2017 - 5:50 AM

Analysts say the cuts in China's steel production will coincide with the seasonal downturn in consumption during winter, possibly muting any impact on supply and demand conditions.

PHOTO: REUTERS

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...

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