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22 Apr
10:31

Chinese wire rod export prices remain firm

The Chinese wire rod export market remains strong, and the expectations of Chinese steel mills are still positive as production restrictions support sentiment. On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $750/t fob China, unchanged from a week earlier. The export tax rebate policy has not yet been implemented. Chinese exporters choose to bear the tax rebate risk by themselves, and with the support of production limits, mills have in…
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