CHINA STEEL WRAP: Higher steel output weighs on spot prices

May 18, 2012 | 06:12 AM |

Chinese spot steel prices continued to weaken, after the latest data showed crude steel output rising in the early part of the month. China’s daily crude steel output reached 2.04 million tonnes in the first 10 days of May, up 0.51% from the previous period, China Iron & Steel Assn....

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