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Chinese steel prices continue to be pushed higher by strong raw materials prices and bullish global markets, despite weaker domestic demand. Traders are concerned, however, that raw materials are pushing the value of their inventory higher when demand is weaker, only to drag it lower once demand returns to its peak, Kallanish notes. On the Shanghai Futures Exchange the May rebar contract became the most traded on Monday. It closed at CNY 3,912/tonne ($599/t), up C…
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