Chinese wire rod export prices were lifted by the appreciation of the RMB, even though export transactions remained weak.
Kallanish assessed 6.5mm diameter mesh-grade wire rod at $540-545/tonne fob China, up $10/t from last week.
Offers of alloy-added wire rod from large northern Chinese steel mills are at $540-550/t fob China, an increase of $10-15/t compared to last week. However, this price has dropped by about $5/t from the beginning of the week, because…
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