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Our Advance/Decliner Index continued to climb for the fourth consecutive week, rising to 87% from 80% last week, the highest since late January 2011 (any reading over 50 means more price increases were recorded than decreases).

Our Ex-China Index was the main driver behind the increase, rising from 79% to 87%, while our China Index remained robust, increasing from 90% to 92%, the highest level since mid-August 2011.

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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