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22 Feb

China's wire rod exports decline on weak demand

China's wire rod export market remains weak after the holidays, along with shrinking domestic steel prices. Kallanish assesses 6.5mm diameter mesh-grade wire rod at $550/tonne fob China, down $10/t from the week before. Major alloy wire rod producers in North China set their ex-factory prices at $550/t fob China this week, $10/t lower than before the holiday. Although Chinese sellers maintained confidence on the post-holiday market rebound in the last we…
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