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Warnings pile up for China's steel market after 47% surge

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Warnings are stacking up fast after China's rally in steel prices.

Beijing

WARNINGS are stacking up fast after China's rally in steel prices. Fitch Ratings Inc said that prices lifted in part by heightened speculation are destined to slump, while a bank in Singapore flagged the risk of a boom-bust cycle reminiscent of China's equity market.

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