CHINA STEEL WRAP: Prices soften on higher output, lower exw prices
Apr 16, 2012 | 04:33 AM
Chinese spot steel prices started to fall on Monday April 16 on oversupply concerns and ex-works price cuts by some steel mills.
Prices in major markets were either flat or lower, as end-users became cautious about purchases.
In Beijing, spot prices for rebar were 4,250-4410 yuan ($671-696) per tonne,....
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