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Get Used to China Steel as Macquarie Sees It Getting Cheaper

  • Bank sees China's hot-rolled coil price falling 13% in 2016
  • Ballooning steel shipments spur trade tensions, protectionism
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Commerce Dept.: Chinese Steel to Be Taxed at 256 Percent

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The world needs to get used to cheap Chinese steel, with export prices poised to fall again next year as the world’s biggest producer adjusts to demand that’s dropping for the first time in a generation.

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