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China steel prices sag further, but low stockpiles cap losses

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Published Thu, Dec 14, 2017 · 09:50 PM

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    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 output declined to a nine-month low in November because of state-ordered production curbs aimed at limiting pollution.

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