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China Steel to decrease Oct., Nov. prices by 5%

Source: Taiwantrade | Updated: 21 September 2012

China Steel, Taiwan's largest steelmaker, recently announced it will lower October and November wholesale prices by 5 percent.

A slowdown in the global steel industry and demands by downstream operators to lower prices were some of the reasons why China Steel made the decision, it said.

The firm also expressed caution for the fourth quarter, saying prices could stay low despite the fact the final three months is traditionally a busy season for the steel industry.

 

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