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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