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29 Jun

Chinese wire rod export prices fall after holiday

China's wire rod export prices fell slightly in the first week after the Dragon Boat Festival and market transactions slowed down. Kallanish assessed 6.5mm diameter mesh-grade wire rod at $535-540/tonne fob China, down $2.5/t from last week. A northern China mill kept its export offer this week at $540/t fob China, unchanged from last week. Another trader can offer a wire rod export cargo at $535/t fob. "Overseas demand has remained cautious this we…
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