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19 Jan
Offer prices for wire rod from ASEAN mills continue to rise sharply in Southeast Asia, Kallanish notes. Trading is sparse because buyers’ price idea and regional steel demand are lagging behind these rapid price hikes. Regional markets in China and ASEAN are also slowing down ahead of the Lunar New Year holiday break. Certain Chinese traders offered Chinese-origin 6.5mm diameter wire rod for March shipment at $630/tonne cfr Manila early this week, some Manil…
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Anna Low Singapore
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