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26 Feb
09:07

Steel futures touch four-month lows as coke retreats

After three days of small gains on expected tight coal supply, Chinese rebar and hot rolled coil futures on Monday were hit by descending coking coal and coke prices. Previous reports of reduced coking coal production were proven false, Kallanish notes. On the Shanghai Futures Exchange, the most-traded May 2024 rebar contract closed at CNY 3,749/tonne ($521/t) on Monday, down CNY 41/t on the prior trading day. The same contr…
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