Steel futures closed higher Monday in daytime trading on the Shanghai Futures Exchange.
The most active construction steel rebar contract for January 2021 delivery was up 17 yuan (about 2.49 U.S. dollars) to close at 3,664 yuan a tonne.
The most active January 2021 contract for hot rolled coils, mainly used in cars and appliances, was up 30 yuan to close at 3,786 yuan a tonne.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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