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DAILY: Rebounding futures lift China's rebar market

Source: Mysteel Nov 08, 2024 10:30
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China's spot rebar market enjoyed some gains with its recovered derivatives on November 7, with both prices and sales of the long steel product going north.
On Thursday, China's national price of HRB400E 20mm diameter rebar under Mysteel's assessment came in higher at Yuan 3,588/tonne ($502.4/t) including the 13% VAT, though up by a small Yuan 3/t from Wednesday.   Meanwhile, the Shanghai Futures Exchange's most-traded January rebar contract closed the daytime trading session at Yuan 3,436/t,

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