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10 Jun
12:55

China's wire rod exports stabilise amid uncertainty

The Chinese wire rod export market remained stable this week, although domestic prices have fluctuated amid news of production restrictions and raw materials price decline followed by rebound this week, Kallanish notes. Domestic demand is gradually easing down for the summer, thereby creating negative price expectations in the market. Demand in Southeast Asian countries has also shrunk under the influence of the rainy season and the Covid-19 pandemic, so …
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