China steel futures open lower

SHANGHAI, March 15 (Xinhua) -- Steel futures opened lower Monday in daytime trading on the Shanghai Futures Exchange.

Employees work on the production line of Baoshan Iron and Steel Co Ltd in Shanghai. [Photo/Xinhua]

The most active construction steel rebar contract for May 2021 delivery was down 42 yuan (about 6.48 U.S. dollars) to open at 4,715 yuan a tonne.

The most active May 2021 contract for hot rolled coils, mainly used in cars and appliances, was down 12 yuan to open at 5,000 yuan a tonne.