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Commodities

Steel prices sink to 3-year low as trade war, weak auto sales take toll

Price of hot-rolled coils in East Asian fall to around $480 per ton

East Asian exporters are finding it hard to make a profit as steel sheet prices fall.    © Reuters

TOKYO -- The international price of hot-rolled steel coils, used in the production of motor vehicles and machinery, have fallen to a three-year low, dragged down by the protracted Sino-U. S. trade war and China's economic slowdown.

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