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30 Mar

Ferrous futures inch higher

Chinese rebar and hot rolled coil futures extended modest gains for the week on Thursday, with a slow recovery in the futures market driving purchases in the spot market. On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 16/tonne ($2.3/t) higher than Tuesday at CNY 4,167/t ($606/t), while the same contract for HRC gained CNY 3/t to CNY 4,274/t. On Thursday afternoon, SHFE announced that from night tr…
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