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A black Tuesday in global financial markets weighed on Chinese commodity markets on Wednesday, but rebar and hot rolled coil futures held steady as they saw a sharp climb towards the end of trading, Kallanish notes. On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 7/tonne higher than Tuesday at CNY 4,245/t ($623/t), and the same contract for HRC closed down CNY 24/t at CNY 4,238/t. The spot market also showed great con…
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