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11 Jul
15:33

Chinese rod export prices rise as activity reduces

China's wire rod export prices have continued to rise this week as customs inspections led to a decline in exporter activity. Kallanish assesses 6.5mm diameter mesh-grade wire rod at $535/tonne fob China, up $5/t from a week earlier. Major wire rod exporters in northeast China kept their export prices stable at $535/t fob China this week. Market sources tell Kallanish that recent customs inspections in China have disrupted the export market, leading to h…
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