China steel futures open lower

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

The most active construction steel rebar contract for January 2021 delivery was down 11 yuan (about 1.63 U.S. dollars) to open at 3,611 yuan a tonne.

The most active January 2021 contract for hot rolled coils, mainly used in cars and appliances, was down 40 yuan to open at 3,731 yuan a tonne.