Steel prices in China fell

CITIC Futures analysts also note that commodity prices may be pressured by the pandemic situation in the short term but will be supported by the easing of property policy in China in the longer term.

Construction rebar prices on the Shanghai Futures Exchange for May delivery were down 0.9% to 4,145 yuan ($649.19) a tonne at the close, after falling 2.5% on Friday.
The January contract for hot rolled coil, used in the manufacturing sector, fell 0.9 percent to 4,533 yuan a tonne.
Stainless steel futures in Shanghai fell 2.6% to 17,170 yuan/ton.

Prices of raw materials for steel production on the Dalian Commodity Exchange fluctuated in opposite directions. Iron ore futures for January delivery rose 4.8% to 615 yuan a tonne, erasing the previous increase of 6.1%. Contracts fell 6.7% on Friday.
Spot iron ore with 62% iron content fell $4.50 to $102 a tonne on Friday.

Coking coal and coking coal closed down 2.1% to 2,048 yuan/mt and 2.8% to 2,599 yuan/mt, respectively.

VITIC/Reuters