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***CHINA STEEL WRAP: Rebar up on weaker dollar, profit taking

February 08, 2010 - 09:25 GMT Location: Shanghai

KEYWORDS: china , steel , price , futures , rebar , wire rod , hrc

Chinese steel futures saw a small rebound today on a downward correction in the US dollar.

+ SSEC HRC up 0.46 % to 3,887 yuan ($569) + Spot HRC price up 20 yuan to 3750-3770 yuan Chinese steel futures saw a small rebound today on a downward correction in the US dollar. Benchmark May rebar on the Shanghai Futures Exchange (SHFE) ended 20 yuan per tonne or 0.49% higher than last Friday, while April hot rolled coil on Shanghai Steel Exchange (SSEC) rose 18 yuan or 0.46%. "The US dollar...

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Comment & analysis

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