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SHFE rebar futures prices soften, but HRC prices firm

During the November 30-December 4 week, prices of steel futures in China were mixed, with that of rebar softening while that of hot-rolled coil (HRC) trended higher, Mysteel Global noted. The former was more affected by seasonal factors, market watchers suggested.
As of December 4, the most traded rebar contract on the Shanghai Futures Exchange for January 2021 had lost Yuan 28/tonne ($4.3/t) from the settlement price one week earlier to close at Yuan 3,900/t when the daytime trading session ended. On the other hand, the SHFE’s January HRC contract gained

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