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Steel prices in China have been falling as sluggish demand amid the slowing economy drives inventories at major mills to the highest level in two years.
The most-traded steel rebar futures contract on the Shanghai Futures Exchange, for October delivery, hit 4,427 yuan per tonne on Thursday, approaching the lowest level this year, sliding about 13% from the recent high seen in April. The most active October hot-rolled coil futures contract hit . . .
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