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19 Oct
09:49

Wire rod offer prices rise in the Philippines

Certain suppliers have raised offer prices for low-carbon wire rod in the Philippines this week, Kallanish notes. Some recent positive indicators in certain Chinese sectors have spurred exporters to raise offers this week. Offers for Chinese mesh-grade 6.5mm diameter wire rod are prevailing at $515-520/tonne cfr Manila, compared to a week ago when suppliers were seeking bids at $510/t cfr. These offers are for lower-tier material which are generally believed …
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