In China, coking coal futures rose more than 7% to a 2-week high as supply concerns resurfaced. Coke also increased in parallel.
On the Dalian Commodity Exchange, coking coal for January delivery rose 7.7% to 3,044 yuan/t ($471), its highest level since September 10.
Coke futures rose 5.7% to 3,536 yuan/t, the highest level since September 13.
Coking coal has increased by more than 80% since the beginning of this year.
Analysts noted that the coking coal industry in Shandong, Shanxi and Hebei was partially affected by factors such as environmental protection and production restriction.
Iron ore for January delivery in Dalian rose 6.8 percent to its highest level since September 16. On the Singapore Stock Exchange, iron ore was up 3.9% at $111.95/t.
In Shanghai, rebar rose 1%, hot rolled coil fell 0.2%, while stainless steel gained 0.7%.
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