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18 May

Chinese wire rod export prices hold

Chinese wire rod export prices stabilised this week amid a brief recovery in the domestic steel market. Kallanish assessed 6.5mm diameter mesh-grade wire rod at $570/tonne fob China, unchanged from a week ago. Export offers for alloy wire rod from major Chinese mills are still at $570/t fob China, remaining flat from last week. The market has tended towards a recovery, so fewer traders attempted short-selling. Small-volume transactions were concluded be…
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