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China rebar, wire rod export offers rise on costs

March 05, 2010 - 04:39 GMT Location: Shanghai

KEYWORDS: rebar , wire rod , export , China

China's rebar and wire rod export offers have risen $10 from early February due to higher raw material prices.

Prevailing base offers were at $560-570 per tonne fob for rebar, and $540-550 fob for wire rod. "We have to raise export prices a little so as to offset the increased production cost, though domestic market prices see few changes," said an export director at mill in Shandong province. Export business remained slow on weak demand. "There're not many exports at the moment and most...

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