In September, the futures for steel rebar experienced a notable increase, reaching CNY 3,170 per tonne. This spike represented the highest price seen in a month.

Futures tied to Canada's resource-heavy main stock index edged down on Wednesday tracking lower oil prices as analysts flagged concerns that China's stimulus may not be sufficient to immediately boost domestic demand.

Stock markets climbed Thursday as China signalled more stimulus for the world's second-largest economy, while a strong outlook from US chip giant Micron gave a further boost to investor optimism.