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Chinese steel futures stabilised on Thursday as they waited for further clarity on demand. Inventory data provided one bright spot, with rebar and hot rolled coil now seeing levels fall, Kallanish notes. On the Shanghai Futures Exchange the May rear contract closed at CNY 3,619/tonne ($572/t), CNY 2/t higher than Wednesday, while the same contract for hot rolled coil closed up CNY 12/t at CNY 3,747/t. In Tangshan, billet prices slipped back another CNY…
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