Black Futures Open Higher but Trend Lower, Steel Prices Experience Limited Increase

On May 16th, the morning session of the Rebar 2310 contract opened higher but trended lower, closing at 3650 at noon, down 0.05%. The Iron Ore 2309 contract opened higher with fluctuations and closed at 724 at noon, up 1.19%. The Coking Coal 2309 contract opened higher but trended lower, closing at 1385 at noon, up 0.76%. The Coke 2309 contract opened higher but trended lower, closing at 2201 at noon, up 0.80%.