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US wire material market held steady in April
Source:Xinsteel   Date:2015-04-16

Affected by the US scrap prices steady and the market demand rebound, wire market be kept steady in April. In March, the US steel mills have lowered offer USD 10 / short ton.

   To compete with import resources, the ex-factory price of net-use wire is decreased by USD 5/ short ton in this week, at USD 520-530 / short ton. However, the market analysts have different opinions for price of industrial wire, some people think that ex-factory price of industrial wire almost equal to the price of net use wire, others think the price of industrial wire would be higher than net use wires price, the price difference is about USD 20-25 / short ton.

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