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27 Jul
12:25

Wire rod offer prices rise in ASEAN

Offers for Chinese wire rod have increased in Southeast Asia in tandem with bullish market sentiment in China, Kallanish notes. However, regional wire rod buyers are slow to accept these higher numbers because they want to ensure the market has clearly lifted. In the ASEAN home markets, demand continues to be sluggish. In Thailand, traders report concluding recent deals for Indonesian blast furnace wire rod at $542-545/tonne cif this week. Prices have gone up and …
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