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02 Jun
16:48

ASEAN wire rod market awaits Chinese demand pick-up

The ASEAN wire rod import market is stable this week. Suppliers are more optimistic that China’s easing of Covid-19 lockdowns this week could provide a much-need lift to regional market sentiment, Kallanish notes. Regional importers are still reluctant to place orders and are still cautious particularly as the region enters into the rainy season. Offers for open-origin 6.5mm diameter blast furnace SAE 1008 wire rod for July shipment are unchan…
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