SUBSCRIBERS
China's steel supply squeeze lifts rebar, iron ore for 4th day
Add BT as a preferred sourcePublished Thu, Jan 12, 2017 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Manila
CHINESE rebar steel futures rose for a fourth straight day on Thursday amid Beijing's campaign to shave excess steel production capacity, helping stretch gains in raw material iron ore.
The rally in both commodities extended last year's surge that came after years of losses, with analysts saying steel prices may remain strong as China's resolve to address overcapacity tightens supply.
Share with us your feedback on BT's products and services
