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NEWS ALERT! China Puts Halt to Steel Exports

Under government mandate today, it was announced that Chinese steel products for July production will not be available for exports, as they are to remain in the domestic market to be used in the relief efforts for the devastating May 12 earthquake in China.There is market chatter suggesting that the Chinese mills are having trouble getting orders and may move their prices down a notch for their next offering. Today 100,000 people effected by the recent earthquake in China were relocated once again due to mud slides now effecting the region during the current rainly season.

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