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22 Jun
11:41

ASEAN wire rod import market softens slightly

The ASEAN import market for low-carbon wire rod appears to be softening slightly, Kallanish notes. Certain suppliers have lowered prices in tandem with weakened Chinese steel futures. Chinese-origin 6.5mm diameter low-carbon wire rod from Tangshan for August shipment was offered at around $535/tonne cfr Manila on Wednesday. Bookings were slightly higher, at just under $540/t cfr Manila, last week. A booking was made in Cebu for the second consecutive week. Around…
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