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10 Feb
11:45

ASEAN wire rod import market soars

Prices of wire rod imports shot up this week in Southeast Asia, Kallanish notes. This was widely anticipated. International steel prices rose last week during the Lunar New Year holiday when regional trading activity becalmed. Offers for low-carbon 6.5mm diameter blast furnace SAE 1008 wire rod from Malaysia, Vietnam and Indonesia are now prevailing at $785-795/tonne cfr Manila. Last week, offers from the same Indonesian mill were at $760/t cfr and there were…
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