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Foundry Daily News

26. August 2009

Korean traders increase rebar imports from Taiwan

It is reported that Korean traders have recently increased their rebar imports from Taiwan, making Taiwan its major rebar imports resource. The import amount from August to September reaches 20,000 to 30,000 tonnes.

Meanwhile Korea seems giving up China's rebar exports due to its increased export offer which is pushed up by China’s domestic price.

According to report, there has been no contract signed between Korea and China since July; the price stood above USD 550 per tonne in late July.

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