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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 prices
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Euromoney Institutional Investor PLC.
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