Shanghai rebar hits 7-week low as winter slows China demand

Nov 19 2012, 12:22 IST
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SummaryFall in Shanghai rebar followed a 70 yuan per tonne decline in the price of steel billet.

evidence of a mild recovery in the country's property market, data showed on Sunday.

Although home prices still fell 1.1 percent annually for the eighth straight month of decline since March, reflecting continuing curbs in the sector.

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