Steel futures opened lower Monday in daytime trading on the Shanghai Futures Exchange.

The most active construction steel rebar contract for January 2021 delivery was down 47 yuan (about 7.05 U.S. dollars) to open at 3,604 yuan a tonne.

The most active January 2021 contract for hot rolled coils, mainly used in cars and appliances, was down 40 yuan to open at 3,775 yuan a tonne.

Source:
courtesy of XINHUA NEWS AGENCY

by Xinhua News Agency

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