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Chinese domestic steel falls despite central bank's real-estate move

Chinese domestic steel falls despite central bank's real-estate move

Chinese domestic steel prices fell, shrugging off measures the central bank announced late Monday to make borrowing for real estate purchases easier, as concerns about a residential oversupply and sagging raw material prices weighed on the market. In Beijing, 18-25 mm diameter rebar dipped Yuan 10 ($2) Tuesday to be assessed at Yuan 2,455-2,465/mt ex-stock on an actual weight basis and including 17% value-added tax. Q235 hot rolled ... >>

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    http://www.chemnet.com
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    http://www.chemnet.com
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