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28 Jan
11:42

Chinese wire rod export prices fluctuate

The Chinese wire rod export market has remained volatile this week, and a weaker domestic market has prompted steel mills to actively conclude transactions, Kallanish notes. Compared with last week, offers from mills for alloy wire rod are still at the level of $660/tonne fob China. At the same time, offers in Tangshan from short-selling traders have dropped $5-10/t on-week to around $610/t fob for HBP300 wire rod. The sharp drop in raw material prices a…
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