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30 Apr
09:59

Chinese wire rod exports becalm

The Chinese wire rod export market has entered a quiet state this week, with transactions difficult to conclude, Kallanish notes. On Thursday, 6.5mm diameter mesh-grade wire rod was assessed at $415-420/tonne fob China, remaining unchanged week-on-week. Non-alloy-added wire rod is offered at above $440/t, but almost no transactions have been recorded. China is about to enter its Labour Day holiday, and most traders say demand was not positive this week. A mi…
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