Futures for steel rebar rose in China by 10%

Futures for steel reinforcement rose in 2020 in China by 10%, to an average of 4200 yuan /ton.

At the same time, in December, steel futures on the Shanghai Futures Exchange, according to Trading Economics, reached 4,500 yuan /ton.

The steel market was supported by increased demand from the construction sector and the industrial sector in China, and also heightened optimism over the development of a COVID-19 vaccine, which will accelerate the global economic recovery.

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