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ASX to rise, Wall St higher in broad rally

ASX to rise, Wall St higher in broad rally
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Iron ore retops $US200 a tonne defying bearish calls

Iron ore price rebounds amid talk of easing curbs in Tangshan

China s steel futures prices surge on curb news | Hellenic Shipping News Worldwide

China’s steel futures prices surge on curb news The futures prices of steel products in China increased Yuan 168/tonne ($25.9/t) over April 19-23 week from the settlement price one week earlier, in response to news that production restrictions are to also be applied to steelmakers in Handan, North China’s Hebei province, market watchers noted. The most-traded rebar contract on the Shanghai Futures Exchange for October delivery closed at Yuan 5,299/t by the end of the daytime trading session on April 23. On April 21, the Handan government issued a plan aimed at controlling production at key industrial enterprises including steel producers over April 21-June 30 as a means of reducing air pollution, Mysteel Global noted. The plan also included detailed criteria by which a mill’s environmental protection performance would be evaluated.

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