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04 Mar
13:29

Chinese wire rod export prices jump on deals

China's wire rod export prices continued to rise this week, stimulated by the surge in domestic prices. Market sentiment remained firm on deals to South American buyers, Kallanish notes. Chinese steel mills raised their export offers by $5-10/tonne to $695-700/t fob China at the beginning of the week, and then added another $15-20/t in the middle of the week. News of the Tangshan government's additional production controls has had a significant i…
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