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With the coactions of weak domestic demands, economic slow-down, foreign loan and US bond crisis, domestic steel price couldn't hold any more, fell several col-points which become the ineffable hurt of whole steel market.
In fact, with the global financial crisis bursted in 2008, steel industry suffered deep strike, although it's about three years ago, the industry was greatly undermined. Affected by expensive iron mineral and weak demand, steel industry was tortured by the fluctuation risks.
The unstable market shocked many people, will the market keep falling or as the Maya predicted 2012 is the doom of the world?
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