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18 Apr

China's wire export offers gain on rising costs

China's steel market saw a slight rebound during this week and this has led to higher export offers for long products, however, trading activity has declined. Kallanish assesses 6.5mm diameter mesh-grade wire rod at $520-525/tonne fob China, up $2.5/t from the week before. The export offers of alloy-added wire rods provided by large Chinese steel mills are at $530/t fob China, which is basically unchanged from last week. However, the transaction price in…
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