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11 May

China's wire rod exports drop in slow market

Chinese wire rod export prices fell slightly this week, but the weak market performance has held exporters back from making sales. Kallanish assessed 6.5mm diameter mesh-grade wire rod at $570/tonne fob China, down another $5/t from a week ago. Exports of Chinese construction steel products are very slow, as prices are uncompetitive, a source at a steel mill says. Offers for alloy-added wire rod from major steel mills were almost unchanged from last week at …
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