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China steel futures rebound after export data and assurance from Mr Xi

Reuters reported that Chinese steel and iron ore futures rebounded after losses last week, supported by firm export data from China and comments from President Mr Xi Jinping playing down risks faced by the world's No 2 economy.

The most-traded rebar for May delivery on the Shanghai Futures Exchange closed up 1.1 percent at CNT 2,557 a tonne, after losing 2 percent last week.

The May iron ore contract on the Dalian Commodity Exchange gained 0.8 percent to end at CNY 514 per tonne, after dropping more than 4 percent last week.

Government data showed that China's exports grew 11.6% in October, cooling from a 15.3% jump in September but surpassing forecasts for a 10.6% increase.

Mr Xi told global leaders that while there are indeed risks to the economy, they are not so scary.