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Chinese rebar and hot rolled coil futures extended last week's losses to close lower on Monday and see calm in market trading, Kallanish notes. On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 2/tonne lower than last Friday at CNY 4,105/t ($596/t), while the same contract for HRC lost CNY 28/t to CNY 4,225/t. According to data from the National Bureau of Statistics, the total profits of in…
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Kallanish Asia
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