16
May
13:12
Rebar, wire rod trading struggles in ASEAN
ASEAN import markets for wire rod and rebar remain sluggish, Kallanish notes. Continued volatility on the Shanghai Futures Exchange (SHFE) is causing regional buyers to delay placing orders.
Non-VAT Chinese wire rod has returned to the region. Offers in the Philippines for this material, for July shipment of 6.5mm upwards SAE 1008 wire rod are heard at around $530/tonne cfr Manila. However, these are expected to edge slightly higher because of the rising SHFE and …
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Anonymous
Very good overview of the weekly steel market.
Anonymous