Shanghai Futures Exchange steel contracts closed lower on Tuesday.
The most-active rebar futures for January 2027 finished the day session at 2,991.00 yuan (about 449.89 U.S. dollars) per tonne, down 0.93 percent from the previous settlement.
The hot-rolled coil futures for January 2027 settled at 3,147.00 yuan (about 473.35 U.S. dollars) per tonne, down 0.54 percent.
Rebar is mainly used in construction for buildings, bridges and infrastructure. Hot-rolled coil is a flat steel product widely used across the manufacturing sector, including in automobiles, home appliances, machinery and pipes.
Both contracts are among the most actively traded steel futures in the world and serve as key price references for the Chinese and global steel markets.
Chinese steel futures close lower Tuesday
More than 30 female entrepreneurs from developing countries visited exhibition booths and carried out business negotiations at the 140th edition of the China Import and Export Fair (Canton Fair) in Guangzhou City, south China's Guangdong Province, on Monday.
This year, the UN Trade and Development (UNCTAD) organized for the first time a delegation of female entrepreneurs from developing countries to attend the Canton Fair.
The 34 female entrepreneurs mainly came from Latin America, Africa and Asia, and most of them are running small and micro enterprises in their respective countries, with the products covering daily consumer goods, handicrafts, textiles, clothing, and processing of specialty agricultural products.
They were amazed by a clothing AI agent, which was able to show try-on effects of various types of clothes.
"I love the clothes, the dresses, I love it. When I try it, I feel mannequin. I'm so happy to be here," said an entrepreneur from Cote d'Ivoire.
"I am looking for contract manufacturing for skincare, and also I'm looking for packaging," said another entrepreneur from Peru.
The delegation also participated in themed forums and dedicated supply-and-purchase matchmaking events.
On topics such as support for female entrepreneurship and cross-border trade for small and medium-sized enterprises, participants shared the opportunities and challenges for female entrepreneurs in developing countries, and exchanged experiences in cross-border trade, which helped build a platform for establishing connections and expanding cooperation among enterprises.
"Every time I go to Canton Fair, I buy some samples and keep in touch with every supplier I meet. Now I want to buy more products in the Canton Fair," said an entrepreneur from Vietnam.
The 140th Canton Fair runs in three phases in Guangzhou from Oct 15 to Nov 4.
Female entrepreneurs from developing countries experience goods, build connections at Canton Fair
