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FLASH: China's steel futures prices dip to new lows

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On Monday, SHFE's most-traded rebar agreement for October distribution plunged to a seven-month low of Yuan 3,971/ tonne ($ 592/t) throughout the daytime trading session before it recoiled somewhat to shut at Yuan 4,049/ t. However, the rate was still down by a hefty Yuan 171/tonne or 4.1% from the negotiation rate of

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