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It's reported that the Chinese steelmaker Hebei Steel announced to cut its rebar contract prices for May in order to allow its agents to gain orders.Hebei Steel decided to cut its May settlement prices for HRB400 rebar with diameter 18mm-25mm by RMB10/ton to RMB3, 610/ton with 17% VAT.In addition, its agents can receive an additional discount of RMB100/ton if they meet the booking targets for June.