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19 Jan

Chinese wire rod offers jump higher

China's construction steel export prices rose ahead of the Chinese holiday, with positive expectations for the Chinese steel market supporting confidence. Kallanish assessed 6.5mm diameter mesh-grade wire rod at $640/tonne fob China, up $30/t from a week before. A mill in northeast China has set export prices for low-carbon wire rod at $640/t fob China for March shipments. The mill will not offer discounts to buyers as March shipments are expected to com…
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