SHANGHAI - Steel futures closed lower Wednesday in daytime trading on the Shanghai Futures Exchange.

The most active construction steel rebar contract for October 2020 delivery was down 11 yuan ($1.56) to close at 3,832 yuan a ton.

The most active October 2020 contract for hot rolled coils, mainly used in cars and appliances, was down 2 yuan to close at 3,911 yuan a ton.