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01 Jun

Chinese wire rod export prices fall further

China's wire rod export prices have dropped on the collapse of the domestic construction steel market. Kallanish assessed 6.5mm diameter mesh-grade wire rod at $530-540/tonne fob China, down $10/t from a week earlier. A northern Chinese steel mill has cut its alloy-added wire rod offer to $540/t fob China, a market source reports. Traders will consider short-selling deals at $530/t fob China. The deal price could go even lower in the falling ma…
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