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In the fourth quarter of 2022, the Cold Rolled Coil prices showcased an upswing price trend in the Chinese market amidst sporadic COVID lockdowns, logistics issues, and a shrinking demand outlook. In October, the prices of Cold-Rolled Coil plunged in the backdrop of shrinking demand and limited purchasing activity. Large Chinese mills resisted lowering their offers in export markets, while spot traders began to sell short. By November, nickel and steel had begun rallying again. However, suppliers remained rampant with an inventory. 

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