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30 Sep

Chinese steel futures, seaborne iron ore rise pre-holiday

Chinese steel futures markets strengthened on Monday in Shanghai just ahead of the National day holiday, officially starting as from 1 October. Seaborne Iron ore meanwhile also rose on the last day of formal trading on the Chinese futures exchanges. On the Shanghai Futures Exchange the January 2020 rebar contract closed at CNY 3,470/tonne ($486/t), CNY 34/t higher than Friday, while the same contract for hot rolled coil closed up CNY 13/t at CNY 3,463/…
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