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16 Feb

Longs import markets move sluggishly in East Asia

The East Asian import market for rebar and wire rod remains lacklustre with sparse trading activity, Kallanish notes. Regional demand is subdued. The lack of a clear market direction, due to recent fluctuating steel futures in China, has prevented buyers from taking an active stance. Buyers and sellers continue to be at odds in the ASEAN import market for wire rod. Traders’ positions for Chinese 6.5mm diameter wire rod cargoes are at around $6…
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