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02 Jun
12:09

China's rebar gains on expectations

China's rebar market traded higher amid last week's choppy trend. As markets headed into June, expectations of more aggressive policy stoked confidence among market participants. In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 3,440-3,460/tonne ($487-490/t), up by CNY 100/t on-week. The October 2023 rebar contract on the Shanghai Futures Exchange closed at CNY 3,596/t, up by CNY 50/t compared with Thursday and CNY 103/t…
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