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21 Jul
12:44

China's wire rod exports stall

China's wire rod export market has returned to silence, as wire rod demand from overseas buyers disappeared. On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $620/tonne fob China, down $30/t on-week. A major wire rod exporter in northeast China lowered its offer this week by $30/t to $620/t fob China, a market source says. The decision was made following last week's sharp drop in the market. Although the domestic market has …
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