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Weak Steel Prices, Steel Mills, Called "can't Afford"
Feb 24, 2016

Since late June, domestic steel spot prices continue to fall in just one month, rebar prices have dropped from 4130 Yuan per ton to around 3700 Yuan/ton. Yesterday, the Shanghai 1301 rebar futures contract prices continue to break down, down over 2.33%, creating the lowest since mid-October 2009, market pessimism spread rapidly.

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