04
Jul
11:59
ASEAN wire rod market stabilises on Chinese upturn
The ASEAN import market for wire rod appears to have stabilised this week, Kallanish notes. The market is finding support from the rising futures market in China. At the same time, market chatter that China Customs have detained a large tonnage of steel exports at Tangshan port for checks on compliance of VAT payment appears to have removed low-priced Chinese offers from the market.
Low-priced offers from China for 6.5mm base 1008 wire rod for August shipment were…
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Anonymous
Very good overview of the weekly steel market.
Anonymous