Steel rebar and hot-rolled coils (HRC) futures on the Shanghai Futures Exchange shuffled in narrow range on Wednesday, as rising steel production and lean demand from downstream users stoked worries about oversupply during the off-peak season.
The most traded construction steel rebar, for October delivery, closed up 0.2% to 3,620 yuan ($512.28) per tonne, though it reported a 0.7% drop for the week shortened due to China's Dragon Boat Festival.
Financial markets in China will be closed on Thursday and Friday, and will reopen on Monday, June 29.
Hot-rolled coils, mainly used in the manufacturing sector, ended down 0.4% to 3,604 yuan a tonne.
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