BEIJING (Reuters) – Steel futures traded in China advanced on Friday, with stainless steel following gains in rebar and hot-rolled coils and jumping more than 6% as production restrictions during the period peak demand raises concerns about global supply.
Apparent demand for five major steel products, including materials used in construction and manufacturing, increased for the third week in a row, reaching 10.41m tonnes, according to data from consultancy Mysteel compiled through Thursday.
Read Also
- The fight for tomorrow begins today. Trailer for ‘Tomorrow’s War’! May 26, 2021
- DRC: Floods and landslides kill at least 20 in the east of the country Nov 20, 2022
- Another 1284 people were infected with the coronavirus in Lithuania; In Estonia Apr 14, 2021
- Monster Hunter Stories 2 Debuts With Strong Sales In Japan Jul 16, 2021
- Baltic countries stop importing electricity from Russia May 23, 2022
- Circle Raises $ 440 Million in Largest Investment Round in Crypto History May 30, 2021
- Brazil is the 5th most expensive country to own a 0 km car; check the ranking Aug 15, 2021