Steel futures rise for fifth straight trading day
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Update time : 2023-10-31 14:41:00
Last week's positive sentiment carried over into this week and pushed Chinese rebar and hot rolled coil futures higher for a fifth straight session, despite the lack of positive news on Monday, Kallanish notes. On the Shanghai Futures Exchange, the most-traded January 2024 rebar contract closed CNY 16/t higher than Friday at CNY 3,740/t ($511/t), and the same contract for HRC gained CNY 12/t to CNY 3,856/t. Spot prices also incre…
