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14 Sep
15:00

Chinese wire rod exports remain stable

China's construction steel export market is seeing trade pick up on the back of a depreciating RMB and domestic steel markets remaining weak. Kallanish assessed 6.5mm diameter mesh-grade wire rod at $540/tonne fob China, unchanged from a week ago. During the past week, some deals were concluded at $540/t fob China. These are mainly for alloy-added wire rod sold by major mills in northern China. Offers for alloy-added wire rod from eastern Chinese mills a…
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