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After posting two straight weekly increases, our Advance/Decliner Index fell to a three-week low driven by weakness in the CIS, East Asia andBrazil, which reduced our Ex-China Index to a three-week low as well. Our China Index remained dismal and unchanged as pricing sentiment soured further following Bao’s price cuts last week.

Our full report provides further thoughts about global steel pricing trends and our outlook as well as implications for steel equities.

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