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Finished steel market in China opened on an ominous note after a week long recess much to the chagrin of operators. Prices of finished steel crashing bellying all hopes of turnaround the iron ore market took the flak with equal ferocity.A whopping USD 3 per tonne slide within 2 days of China opening aptly echoed the gloom. Transactions were few and far apart with offers going around USD 177 per tonne, CFR. It is rumored that some deals were struck at much lower levels but it seems an attempt by the traders to influence the market.Any revival seems unlikely unless the finished market makes a turn around.