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12 Oct
13:21

China wire rod exports fall on domestic rout

China's wire rod export market has fallen, weighed down by weakness in the domestic construction steel market. Kallanish assessed 6.5mm diameter mesh-grade wire rod stable at $535/t fob China, down $10/t from a week before. Alloy-added wire rod offers from major northeastern steel mills declined to $540/t fob China, but buyers can negotiate discounts. Domestic demand for construction steel is sluggish, which has led steel mills to once again consider pro…
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