At the beginning of this year, Chinese wire steel manufacturers had difficulty entering the Middle East and European markets due to the required certification body license such as UK Cares.
According to British manufacturers and traders, the export price of China's wire product reached the same levels as the European market last week.
The export price of CIS wire product increased by 30-35 US$/MT compared to last week and increased to 570-580 US$/MT fob to the Black Sea.
UK Cares is a certification and technical approval organization for the construction industry.
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