Rebar stockpiles grew from 3.37 million tons at the start of the year to 11.6 million

Considering that the current price of 62 percent iron ore for delivery to north China is once again near to $150 a ton, as evaluated by commodities price monitoring agency Argus, it’s not hard to understand why Beijing wants to decrease the price of steel raw material.

According to China's state planner, market participants should not "fabricate or broadcast any fake...

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