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30 May
11:16

ASEAN longs markets glide sideways

The ASEAN import markets for wire rod and rebar remain largely quiet, Kallanish notes. Buying sentiment is weak on sluggish finished steel demand and price volatility in the Chinese steel futures. In Thailand, there were a few orders for regional low-carbon wire rod this week. Bookings took place at $540/t cif for Malaysian-origin blast furnace wire rod and at $545/t cif for wire rod from an Indonesian blast furnace mill. The Indonesian mill has indicated an expor…
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