Considering reducing its crude steel production by 2.5%, the Chinese government stated that it has expanded its two-year carbon emission reduction project.
On the Shanghai Stock exchange, value in stainless steel fell 1.5%, while rebar rose 0.7%, hot rolled coil 0.8% and wire rod rose 0.9%.
On the Dalian Commodity Exchange, May iron ore increased daytime trading by 1.5% to 890.50 yuan/t ($129.39).
Also on the Dalian Stock Exchange, coke futures fell 0.6%, while coking coal rose 0.5%.
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