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US H section steel prices soft on sluggish demand

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Reportedly, the H section steel prices have become soft in the US market due to sluggish demand.

It’s said that the steelmakers have continued offering discounts to gain orders. Though the quotes of H section steel are at US$840/short ton, the actual selling prices are at US$720~US$820/short tons.

For the prospect, traders said that the H section steel prices might remain weak in the US market in the short term.
News Date 18 May 2012 10:16:27 reported by Echo Huo

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