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With the announcement of its domestic steel prices for December, China Steel Corp (CSC) will see its profits fall to their lowest level in a decade as it continued lowering prices in the second half of the year.
China Steel, on October 19, said it would cut its December contract prices by an average of NT$673 (US$22.98) per tonne, or 3.31 percent, because of industry-wide oversupply and weak demand compared with a year earlier. (…)
See on www.chinafastener.info