CHINA STEEL WRAP: Prices fall amid economy gloom

Dec 15, 2011 | 01:54 AM |

Both rebar spot and futures prices fell again on Thursday, as domestic equities markets extended losses due to worries of a worsening economy in China. Shanghai Futures Exchange May rebar settled at 4,123 yuan ($643) per tonne on Thursday, down 26 yuan from Wednesday. Prices of 16-25mm diameter grade III rebar dropped 20 yuan to 4,200-4,530 yuan....

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