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01 Aug
08:45

Steel futures rise, coking companies suffer

Supported by the week-on-week improvement in demand last week, the overall warmer market sentiment pushed up Monday's rebar and hot rolled coil futures slowly. However, the rebound speed is still limited by weak expectations as real estate and steel industries failed to receive enough positive signals from the recent Central Politburo meeting, Kallanish notes. On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 97…
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