06
Jun
10:58
Exporters cut wire rod prices to ASEAN
The ASEAN import market for wire rod weakened over the past week, Kallanish notes. Weak demand for finished steel, recent price volatility and sluggishness in China's steel markets continue to depress market sentiment.
Wire rod prices dipped from last week. Offers for Chinese 6.5mm-12mm diameter wire rod for July shipment are prevailing in Vietnam at $528/tonne cfr. This is $10/t lower than last week. But this is uncompetitive against domestic wire rod which i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous