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13 Jan
12:15

Suppliers hike wire rod, rebar prices to ASEAN

Southeast Asian import markets for wire rod and rebar saw hiked offers this week amid rising raw materials costs and the firmer Chinese steel market, Kallanish notes. But regional importers continue to be cautious on concerns that rising Covid-19 infections could impede economic recovery. An Indonesian blast furnace mill has raised its offer for low-carbon 6.5mm diameter wire rod to $735-740/tonne cfr Manila, Manila trading sources report. “Mills a…
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