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It is reported that Chinese steel market remained uncertainty, due to falling steel prices along with poor performance for steel business.
There is no sign to sustain the steel prices up so far. Meanwhile, more than 50 million tons of steel production capacity have been closed down in China this year. There is no significant restocking by steel traders ahead of Chinese New Year in February will be expected.
China's steel demand continued to drop this year after falling in 2014 for the first time in more than three decades.
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