China Steel Up Over 2% on Out­put Curbs

The Economic Times - - Finance & Commodities -

Shang­hai re­bar steel fu­tures jumped over 2% on Wed­nes­day, re­sum­ing a rally spurred by in­vestors an­tic­i­pat­ing steep pro­duc­tion cuts dur­ing win­ter. The mostac­tive re­bar on the Shang­hai Fu­tures Ex­change closed up 2.3% at 4,006 yuan a tonne, just off the ses­sion's high of 4,008 yuan.

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