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DAILY: China’s steel prices down on demand concerns

Chinese steel prices reversed down on September 4 as steel demand remained low. It had improved slower than the Chinese steel market insiders expected for the busy season during September-October.
On September 4, China’s national average HRB400 20mm dia rebar price, a representative of China’s steel market dynamic, declined to Yuan 3,865/tonne ($565/t) including the 13% VAT. It reversed down Yuan 3/t on day, after the price increased for four consecutive working days since the end of August on the

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