Chinese rebar and hot rolled coil futures hiked further on Monday with rebar at the highest level since early August, Kallanish notes. Sentiment has been supported by better-than-expected manufacturing investment data for August and a reserve requirement ratio cut last Friday.
On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Monday at CNY 3,842/tonne ($527/t), up CNY 18/t on the prior trading day. The same contract for …
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