Business

China steel shares mostly up after Trump launches probe

Published: 10:50 AM, April 21, 2017

SHANGHAI - Shares in Chinese steel companies were mostly up in morning trade on Friday despite U.S. President Donald Trump's decision to order a probe into whether imports of foreign-made steel hurt U.S. national security.

Baoshan Iron & Steel Co's <600019.SS> shares were up 0.3 percent at around 0211 GMT (10:11 p.m. ET), while shares in Angang Steel <000898.SZ> and Baotou Steel <600010.SS> had risen about 1 percent. Hesteel <000709.SZ> advanced earlier in the morning but was trading flat by 0211 GMT. REUTERS