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Sharp Falls in Chinese HRB Prices
After reaching 4.5-year high of $551/t two weeks ago, Chinese hot rolled band (HRB) prices retreated by $34/t to $517/t on 27 September, according to the latest SteelBenchmarker from World Steel Dynamics. There were more modest declines in the US (-$12/t to $690/t) and Europe (-$4/t to $641/t) domestic prices for HRB over the same period.