Although boosted by iron ore futures for a while, Chinese rebar and hot rolled coil futures eventually inched lower on Monday, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded October 2022 rebar contract closed CNY 34/tonne lower than Friday at CNY 4,604/t ($692/t), and the same contract for HRC closed down CNY 39/t at CNY 4,731/t.
In terms of real estate, all four first-tier cities have recently reduced mortgage interest rates by 15 basis point…
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