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CHINA STEEL WRAP: Prices mostly down as demand still weak
February 13, 2014 - 09:53 GMT
Shanghai Futures Exchange
Shanghai Steel Exchange Center
China Iron & Steel Assn
China’s spot steel prices mostly fell on Thursday February 13 due to the absence of end users in the market.
In Beijing, grade III rebar was traded at 3,200-3,220 yuan
($524-528) per tonne, unchanged since Tuesday. But in Shanghai,
the same product was traded 20-30 yuan ($3-5) per tonne lower,
at 3,270-3,300 yuan ($536-541) per tonne. All prices are
inclusive of VAT. "I didn’t achieve my sales
target today. Many end-users are still not back in the market
yet," a Shanghai-based trader said. "But there is always some
buying on Friday to prepare for the weekend, and with current
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Euromoney Institutional Investor PLC.
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