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22 Feb
09:45

Steel futures await direction guidance

Chinese rebar and hot rolled coil futures remained stable following brief volatility on Thursday. They are awaiting new direction guidance, as demand still needs time to recover and markets remain quiet, Kallanish notes. On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,797/tonne ($528/t) on Thursday, up CNY 6/t on the prior trading day. The same contract for HRC however lost CNY&…
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