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China ferrous futures gain on rising industrial metals consumption

Sumary of China ferrous futures gain on rising industrial metals consumption:

  • Article content BEIJING — Chinese ferrous futures rose on Thursday, lifted by rising consumption of industrial metals while concerns about steel output curbs also underpinned prices…
  • Construction steel rebar on the Shanghai Futures Exchange , for May delivery, gained 1.3% to 4,799 yuan ($738.85) a tonne by 0330 GMT…
  • Steel prices were supported by rising raw material prices as futures on the Dalian Commodity Exchange also gained…
  • Huatai Futures however warned that with carbon emission controls and overall crude steel output-cut plan, iron ore consumption could fall….

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