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29 Feb

Chinese wire rod export prices decline further

China's wire rod export market has declined this week, and fluctuations in the domestic steel market have affected confidence among exporters. Kallanish assesses 6.5mm diameter mesh-grade wire rod at $540/tonne fob China, down $10/t from the week before. A contact from an eastern China steel mill told Kallanish, "In fact, the current situation is that the export activity of semi-finished steel is higher than that of construction steel." This is…
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