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China’s input prices fall

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    China’s input prices fall
    Issue Time:2013-05-28

    China’s iron and steel industry saw input costs continuing to fall in the first few months of 2013.

    In April, the sector’s purchasing price index slumped 10.1% month on month to 32%. Most domestic steel mills began to incur losses in April and were more prudent in the procurement of raw materials, which led to a persistent decline in iron ore prices. The iron ore market will continue to be oversupplied in the coming period, said the China Federation of Logistics and Purchasing (CFLP).

     

    Source: China Metals e-mail chinametal@xinhua.org

     

     


     

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