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20 Jan
12:44

Chinese wire rod exports face new competitor

Chinese wire rod prices remained flat this week, with the market still in a state of calm awaiting the upcoming holiday. On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $740/tonne fob China, unchanged week-on-week. With the Chinese New Year holiday just a week away, many traders have already started leaving work, reducing the number of export offers. Chinese mills are still keeping their prices unchanged from last week at $740/t fob China, b…
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