Chinese rebar and hot rolled coil futures extended their declines on Tuesday, with the main trading contract switching from May to October 2023.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 44/tonne ($6.39/t) lower than Monday at CNY 3,975/t ($577/t), while the same contract for HRC lost CNY 51/t to CNY 4,052/t.
Torrential rain caused the widespread suspension of trading in the spot market, whic…
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