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Shanghai steel tumbles as coronavirus crisis clouds demand

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Hot-rolled coil (HRC) futures in China plunged on Wednesday, hitting their lowest in 3.5 months, as the novel coronavirus pandemic dents demand amid an already slowing global economy.

[BEIJING] Hot-rolled coil (HRC) futures in China plunged on Wednesday, hitting their lowest in 3.5 months, as the novel coronavirus pandemic dents demand amid an already slowing global economy.

"Downstream demand for HRC, mainly from manufacturing sectors such as autos and home appliances...

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