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31 Aug
11:47

Asian mesh wire rod import market moves sluggishly

The imported wire rod market in ASEAN continues to move sluggishly, Kallanish notes. Regional buyers are bidding at below offer prices in a market which is moving sideways.  Offers for Chinese mesh-grade wire rod prevailed at around $515-520/tonne cfr Manila. These low-priced Chinese offers are generally believed to be cargoes shipped out from China without the full VAT payment. For alloy-added wire rod, Chinese mills offered September/October shipment at $55…
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