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08 Jun

Chinese wire rod holds on strong domestic market

China's domestic steel market rebounded slightly this week, enabling wire rod export offers to remain firm. Kallanish assessed 6.5mm diameter mesh-grade wire rod at $530-540/tonne fob China, unchanged from last week. Expectations of positive financial policies and a rumour of possible loosening of real estate policies have revived confidence among futures investors. China's steel market is rallying again, driving both speculation and end-us…
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