China steel futures spike on improved industry outlook

09.07.2020

China's steel futures rose on Wednesday on optimism about demand prospects in the world's top metals consumer, while low domestic stockpiles also lent support.

Construction steel rebar on the Shanghai Futures Exchange closed 1.8% higher at 3,702 yuan ($527.61) a tonne, advancing for a fifth straight session.

Hot-rolled coil, used in cars...