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Two Major Steel Makers Cut Prices

09-02 13:30 Caijing



» Hebei Iron & Steel Group and Shagang Group have slashed steel product prices for September delivery after demand fell in August, Shanghai Securities News reported on Sept. 2.
» Steel prices fell for three straight weeks in August as demand declined amid moves by the Chinese government to curb overproduction.
» Hebei Iron & Steel Group is now China's second largest steel producer. Jiangsu province-based Shagang Group is the country's largest private-owned steel maker.
From wires
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