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06 Dec
10:09

Steel futures rise in silence

China's futures market was firm on Tuesday, with steel mills in the northwest taking the lead in rolling out price plans for winter restocking, Kallanish notes. On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 4/tonne higher than Monday at CNY 3,808/t ($544/t), while the same contract for HRC gained CNY 6/t to CNY 3,920/t.  The real estate sector is gradually recovering. According to incomplete stat…
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