CHINA STEEL WRAP: Shanghai longs fall on weak equities market

Dec 14, 2011 | 02:14 AM |

Spot rebar prices in Shanghai fell on Wednesday, as falling equities hit market confidence. Prices of 16-25mm diameter grade III rebar dropped 10 yuan to 4,220-4,530 yuan ($658-706) per tonne, while wire rod prices also fell by 10 yuan to 4,320-4,370 yuan per tonne.....

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