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China steel prices sag further, but low stockpiles cap losses

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

Manila

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...

sentifi.com

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