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16 Nov

Chinese wire rod export prices rise further

China's wire rod export prices continued to recover this week, but the upward trend hindered overseas orders. Kallanish assessed 6.5mm diameter mesh-grade wire rod at $550/t fob China, up $10/t from a week before. Wire rod export prices have seen increases due to the strengthening of China's domestic steel market. Alloy-added wire rod offers from northeastern Chinese mills reached $550-555/t fob China, a trader told Kallanish. Sales however were quie…
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