China steel futures rise as winter cuts kick in early
China’s iron ore and steel futures climbed on Wednesday after some cities in the north of the country announced an early start to winter restrictions on mill output, though coke and coking coal both continued to fall on worries over faltering demand. The most-traded construction steel futures contract on the Shanghai Futures Exchange closed up 1.74% at 3,679 yuan ($554.27) per tonne, for its biggest one-day gain since Sept. 4.