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China steel prices sag further, but low stockpiles cap losses

"Buyers were hesitant to place orders because they said prices are currently too high for them," said Richard Lu, analyst at CRU consultancy.


CHINA'S rebar steel futures dropped for a second straight session on Thursday as demand in the world's top consumer slows over winter along with construction activity, although multi-year low stockpiles capped losses.

Prices fell even as fresh data showed China's steel...

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