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Without changes in fundamentals, Chinese rebar and hot rolled coil futures continued to fluctuate within small range on Wednesday. Spot prices fell slowly because of slow transactions, Kallanish notes. On the Shanghai Futures Exchange, the most-traded January 2023 rebar contract closed just CNY 5/tonne higher than Tuesday at CNY 3,664/t ($522/t), while the same contract for HRC gained CNY 4/t at CNY 3,708/t. Before the US Federal Reserve&…
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Kallanish Asia
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