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SHANGHAI, Jun. 18 (SMM) – Average operating rate at Chinese galvanizers fell 4.7% from April to 82.2% in May due to poor orders, Shanghai Metals Market learnt.
Sluggish orders at galvanized tube/pipe, street light and light pole producers were mainly blamed for the decline, SMM survey showed. The slackening real estate sector dragged down orders at some galvanized tube/pipe by nearly 50%.
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