Rebar and hot-rolled coil futures on the Shanghai Futures Exchange fell in March due to slow domestic demand as well as a stagnant export market amid the spread of COVID-19 in Southeast Asia. First half of March saw notable rises for rebar and modest rises for HRC, but ended with sharp drops during latter half of the month. The most actively traded contract on the Shanghai Futures Exchange shifted from May 2020 to October 2020 since March 23. The rebar contract closed at Yuan 3,233/mt ($457/mt), down Yuan 102/mt or 3.1% on the month, while the HRC contract plunged to Yuan 306/mt or
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