CHINA STEEL WRAP: Supply glut puts pressure on prices

May 08, 2012 | 06:00 AM |

Rising output figures from steel mills stoked concerns about oversupply, putting more pressure on China’s steel prices on Tuesday May 8. According to the latest data from the China Iron and Steel Assn (Cisa), China’s estimated daily crude steel output in the last ten....





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This whole thing is becoming a game of smoke.

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