China's benchmark iron ore futures jumped to a record high in early trade o...
MANILA - China’s benchmark iron ore futures jumped to a record high in early trade on Thursday, rising along with the rest of the country’s ferrous complex on robust demand for the steelmaking feedstock amid tightening supply.
Steel prices were also higher, buoyed by expectations that downstream demand in the world’s top consumer will remain strong. “It’s because of some seasonal demand, which is quite strong, with some impact from the supply side,” said a Shanghai-based trader. China’s crude steel production rose 12.7% in April from March to its highest monthly level on record, official data showed on Wednesday, bolstered by firm demand and good profitability.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda
Read more »
US tariffs on China jump as deadline passes, China immediately says it will retaliateThe Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%.
Read more »
China's Sinopec, CNPC skip Iran oil buys for May as U.S. sanctions waivers end: sourcesChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Read more »
Sinopec, CNPC skip Iran oil purchases for May to avoid U.S. sanctionsChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Read more »
Calls to harden the West’s defences against China suggest despairErecting barriers against a threatening China may sound rational, but a China that succeeds anyway, and then feels less dependent on outsiders, is not necessarily safer
Read more »
U.S. hikes tariffs on Chinese goods, China says to strike backU.S. President Donald Trump's tariff hike on $200 billion of Chinese goods takes effect by davelawder
Read more »
Trade frictions raise questions about China's fentanyl promiseChina has pledged to stem a flood of the synthetic opioid fentanyl onto America&...
Read more »
Here's How Much Trump's Tariffs Will Cost China's GDPChina can handle the haircut. Sort of.
Read more »