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China weekly: Steel market sees mixed trends
The Chinese steel market relayed mixed sentiments this week propelled by stricter norms enforced by the government to curb abnormal steel pricing along with volatility in the futures market. The Shanghai Futures Exchange (SHFE) rebar futures settled with an increase of RMB 116/tonne (t) ($18/t) on a day-on-day (d-o-d) basis at RMB 4,933/t ($775/t) on…