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15 Apr
13:52

Chinese wire rod exports mired in rebate confusion

China's wire rod export prices have been firm this week, with production restrictions and tax rebates remaining the two major factors supporting market sentiment. As in previous weeks, Chinese exporters are still waiting for the final release of the export tax rebate policy. Buyers are also waiting for the new policy, meaning almost no deals have been concluded. Various steel mills have reflected the risk of price changes caused by the tax rebate changes in t…
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