Chinese steel futures hit a one-week high on Wednesday, after data showed industrial output in the world's biggest producer grew faster than expected in November, but a continued decline in steel production dragged down Dalian iron ore.
Construction steel rebar's most-active May contract on the Shanghai Futures. Exchange ended daytime trading 1.1% higher at 4,441 yuan ($697.82) a tonne,after touching 4,468 yuan earlier in the session, its strongest since Dec. 8.