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Unformatted text preview: export tonnages in August would certainly see an evident decrease from July," said a major trader in Shanghai. Steelmakers agree, telling MB that their bookings have fallen. Despite a strong rebound in Chinese steel prices, export orders remained thin, said traders. Exports in the second half will also be hit by a stronger yuan, protectionism and lagging global consumption, said Cisa. Global apparent steel consumption is to grow by 10.7% this year but crude steel output has already risen 27.9% in the first half, said Cisa, World Steel Association estimates. LOAD-DATE: August 5, 2010 LANGUAGE: ENGLISH PUBLICATION-TYPE: Web Publication JOURNAL-CODE: MBW Copyright 2010 Metal Bulletin All Rights Reserved Page 1...
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This note was uploaded on 06/09/2011 for the course ECON econ 1001 taught by Professor Wong during the Fall '09 term at HKU.
- Fall '09