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Wednesday, February 9, 2011

SHFE rebar reflects buoyant mood in China on opening

Shanghai steel rebar futures edged up to a record as Chinese markets reopened after a week-long Lunar New Year holiday.

The most active rebar contract for October delivery was up 0.3% at CNY 5,140 per tonne by 0106 GMT, after touching an all time top of CNY 5,150 earlier.

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