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***CHINA STEEL WRAP: Futures down for second week

March 05, 2010 - 08:34 GMT Location: Shanghai

KEYWORDS: China , steel , price

Chinese steel futures fell for the second week in a row amid unexpectedly weak demand in China, not helped by high inventories.

+ SHFE Oct rebar down 1.3% to 4,560 yuan ($667) + SSEC May HRC up 1.6% to 4,125 yuan ($603) + China to maintain stable monetary policy Chinese steel futures fell for the second week in a row amid unexpectedly weak demand in China, not helped by high inventories. Broadly positive comments on economic policy by Chinese premier...

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