Via MNI:
- Iron ore and rebar futures are higher this morning in China
- Most traded iron ore futures contract for January delivery jumped 3.91%
- Rebar futures rose 3.28%
China’s government said it will shut steel plants around November’s APEC meeting to try to clean up the capital’s air
- Steel plants in Hebei, the province neighbouring Beijing, said they have received government notices to stop production for 11 days, starting November 1
- Hebei is China’s largest steel province
