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A worker walks atop a pile of steel tubing at a steel product market on April 10, 2008 in Wuhan of Hubei Province, China. China's steel prices have surged 10 percent this year, and increased 23 percent in March compared with the same time last year, according to statistics from China Iron and Steel Association (CSIA). Since more steel products are required for reconstruction after the recent snow disaster and rising investment in real estate, the gap between demand and supply will be further widened.

| Apr 10th 2008 4:15PM

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