Steel futures weaken before politburo announcements
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Update time : 2023-07-25 16:58:33
Chinese rebar and hot rolled coil futures weakened slightly on Monday as Friday’s Tangshan production cut talk had little impact. Politburo announcements on the current economic situation and second-half arrangements started to drive up futures from Monday night trading, Kallanish notes. On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 30/tonne lower than Friday at CNY 3,793/t ($527/t), while the sa…
