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China's looser monetary policy continued to boost confidence in commodity markets on Wednesday, and thus resulted in further increases in rebar and hot rolled coil futures, Kallanish notes. On the Shanghai Futures Exchange, the May 2022 rebar contract closed CNY 114/tonne higher than Monday at CNY 4,713/t ($742.5/t), while the same contract for HRC closed up CNY 106/t at CNY 4,815/t. The National Development and Reform Commission's attitude towards eā€¦
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