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The supply glut is expected to remain a major dampener for Chinese steel prices, which saw sharp losses in January 2015 and the steel index falling 10.92% compared to December 2014 and by 27.3% when compared with the same period last year.
Steel prices in China are now at their lowest for 10 years and the Chinese steel PMI recorded 43% in January, falling for the 11th straight month and having stayed below 50% for nine consecutive months.
Production was slashed by 5.09% between 11-20 January but inventories surged 8.25%. Raw materials prices fell at a moderate pace.
鑄件展-鑄件采購會-國際鑄件展-2015第十六屆廣州國際鑄件展會-巨浪展覽-The 16th China(Guangzhou )Int’l
Casting product Exhibition
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