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….