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China Precision Steel Q4 sales volume decreased 3.9% to 47,212 tons from 49,104

Average selling price per ton declined 15.0% from $938 to $797, period-on-period. The decrease in revenue and sales volume period-on-period is primarily due to softening demand for the company's high carbon, cold-rolled steel used in the production of automobile components, due to a slowdown of the Chinese automobile industry during the year, combined with the decrease in average selling price.