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
- Ideal XI of Spaniards who played in Italy Jul 5, 2021
- Cincinnati: forward Berrettini and Sonego, Giorgi immediately eliminated Aug 18, 2021
- Nationals beat the Marlins, Maikel Franco and Jesús Sánchez get two hits May 19, 2022
- Three Israelis wounded in West Bank drive-by shooting May 3, 2021
- Delta variant dominant in 19 European countries Jul 24, 2021
- J-POP Manga announces the arrival in Italy of Miss Nagatoro Aug 16, 2021
- France 2 is preparing to relaunch “Intervilles” for the summer of 2023 Nov 16, 2022