Chinese rebar and hot rolled coil futures fell further on Wednesday, but remained above the 20-day moving average.
On the Shanghai Futures Exchange, the most-traded, January 2026 rebar contract closed at CNY 3,070/tonne ($432/t) on Wednesday, down CNY 20/t versus the prior trading day. The same contract for HRC lost CNY 9/t at CNY 3,277/t.
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