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12 Sep

Steel futures fluctuate higher

Chinese rebar and hot rolled coil futures climbed higher on Tuesday amid volatility, as improving macro data, such as August financing and property sales stimulus, supported market sentiment, Kallanish notes. On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract ended Tuesday at CNY 3,791/tonne ($520/t), up CNY 32/t on the prior trading day. The same contract for HRC gained CNY 31/t to CNY 3,882/t. Even with macro data improving, the …
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