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Chinese steel market has gained by 5pct in last 40 days- 13 Dec 10

Chinese steel market has continued to remain on positive note consecutively for the 6th week.
It is seen that during last 6 weeks, steel prices have increased by an average of about 5%.
Long products have gained by about 7% whereas flats are lagging behind with increase of about 3%.
Rebar has been the top performer with increase inching to 9% whereas HDG is the worst performer with just 1% gain

Dec 13, 2010 09:34
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