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Hebei Steel Group drops wire rod export prices on weak demand

February 08, 2012 - 04:29 GMT Location: Shanghai

KEYWORDS: China , steel , wire rod export , Hebei Steel Group , Shagang Group

Hebei Steel Group has cut its export offer prices for February, due to weak demand from Southeast Asia.

The major longs producer is offering wire rod at $650 per tonne fob China for February production, down from $670-680 per tonne fob in early January. "Demand is not good, so we cut the price. Customers may...

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