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08 Feb

China's wire rod export market stalls

China's wire rod export market was stagnant this week due to the Chinese Lunar New Year holiday, but market sentiment was firm for the post-holiday market. Kallanish assesses 6.5mm diameter mesh-grade wire rod at $560/tonne fob China, unchanged from the week before. There are few offers available on the spot market as market participants head into the holidays. With some Chinese steel mills halting production during the holidays, expectations of tight su…
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