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23 Mar

Chinese wire rod prices slip in ASEAN

The ASEAN import market for wire rod is sliding, Kallanish notes. Sentiment is uncertain amid weakness in the domestic steel market in China. Small tonnages of China-origin low-carbon 6.5mm diameter non-alloy wire rod from Tangshan are being offered at $610-620/tonne cfr Manila, down from $630-635/t last week. Several thousand tonnes were ordered at $610-615/t cfr, trading sources in Manila report. These are “cheap and the same as billet prices,” a Ma…
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