CHINA STEEL WRAP: Steel prices hit by exw price cut

Dec 30, 2011 | 03:23 AM |

Chinese spot steel prices dipped this week after numerous steel makers reduced their ex-works prices on weak demand. In the Shanghai market, 16-25mm diameter grade III rebar was changing hands at 4,160-4,420 yuan ($654-695) per tonne on Friday, down 10 yuan from Thursday and 30-40 yuan lower than a week ago.....

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