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23 Feb
09:09

ASEAN longs import market ascends

The East Asian import market for rebar and wire rod has risen amid a strong Chinese steel futures market, Kallanish notes. While the regional home markets are still sluggish, the price uptick for imported long steel products is expected to last in tandem with the buoyant Chinese domestic steel market. Chinese wire rods, which are part of April-shipment position cargoes from Tangshan, were offered on Wednesday at $635-640/tonne cfr Manila. These are …
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