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25 Nov
13:59

Domestic rebound lifts China's wire rod export prices

Chinese wire rod export prices decreased at the beginning of this week and then rebounded to the same level seen last week due to the strong recovery in domestic steel values, Kallanish notes. The sharp drop in Chinese prices has gradually aroused the interest of buyers in neighbouring countries, but the current price level is still some way off buyers’ targeted prices. Especially in the case of the weak Asian markets, China's price cuts are not enough t…
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