20
Jun
13:34
Low-priced deal drags down Chinese wire rod
China's wire rod export market retreated this week as transaction prices were well below offers, with weak export demand prompting sellers to accept lower values.
Kallanish assesses 6.5mm diameter mesh-grade wire rod at $520-530/tonne fob China, down $15/t from a week earlier.
Alloy-added wire rod producers in northern China have not changed their export offers for this week, which are still at $540-545/t fob China. However, after a few weeks of calm, the all…
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Anonymous
Very good overview of the weekly steel market.
Anonymous