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26 Sep
06:16

Chinese wire rod export prices remain stable

Chinese wire rod export offers this week have halted the downward seen in the first half of September and have plateaued, Kallanish notes.  Prices have been supported by recent production restrictions in China, and steelmakers are focusing more on the domestic market. Wire rod export deals meanwhile have remained at a low level, with only a few small cargos sold to South Korea. With the Southeast Asian market seeing lower offers from Mal…
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