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CONF: SHFE steel futures gaining momentum


China’s industrialization and technological upgrading will gradually drive more liquidity to HRC and stainless steel futures than the established rebar futures, Feng Xiazong, senior manager, commodity dept 1 of SHFE, shared in Shanghai at the steel forum of the 5th China Steel Derivatives International Conference 2021 on July 28.
Rebar futures on the Shanghai Futures Exchange (SHFE) has remained its popularity, becoming one of the most representative steel derivative products in the world in terms of 2020 trading volume, which totalled around 366 million lots (double counting) or 3.66 billion tonnes, according to him. As for the first half of


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