China's wire rod export market has resumed activity this week, and the rapid depreciation of the renminbi has brought hope for exporters to make deals.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $565-570/tonne fob China, down $15/t week-on-week.
A northeastern Chinese mill cut its alloy-added wire rod export offer to $570/t fob China, down $10/t on-week again. Fluctuating domestic steel prices and weak …
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