Steel futures react calmly to NDRC’s consumption stimulus
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Update time : 2023-08-01 17:20:48
China’s National Development and Reform Commission on Monday announced 20 measures to promote consumption including for autos and home appliances. However, the market could not sniff out any new ideas, so rebar and hot rolled coil futures kept stable, Kallanish notes. On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 4/tonne lower than Friday at CNY 3,847/t ($539/t), and the same contract for HR…
