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Tuesday, February 1, 2011

Steel rebar futures at record high on SHFE

Tuesday, 01 Feb 2011
Shanghai steel rebar futures edged up to a new record for the second straight session on Tuesday, buoyed by higher cost of raw materials like iron ore and coking coal.
The most active rebar contract for October delivery on the Shanghai Futures Exchange was up 0.4% at CNY 5,118 per tonne at 0107 GMT, after rising to as high as CNY 5,121 per tonne.(Sourced:Reuters)

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