In China, the positive sentiment continues amid expectations of higher demand in the market. The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) rose 1.03% to 879.5 yuan (USD 121.36) per metric tonne in day trade. Coking coal DJMcv1 and coke DCJcv1 rose 2.12% and 0.98%, respectively.
On the Singapore Exchange, May iron ore SZZFK4 fell 0.36% to USD 117.5 per tonne. On Wednesday, the ore recorded a significant increase.
The Shanghai Futures Exchange was also bullish. Rebar SRBcv1 rose 0.03%, hot rolled coil SHHCcv1 0.08%, wire rod SWRcv1 0.26% and stainless steel SHSScv1 1.16%.
Market experts expect China's steel production to increase further.
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