26
Jul
08:00
Wire rod remains weak in Manila
Wire rod prices have remained weak in Manila over recent days, Kallanish notes. The import market is quiet with traders saying they did not hear of deals concluded this week.
Chinese export offers for 6.5mm diameter wire rod to Manila are prevailing at $585-595/tonne cfr Manila. Shipments are mostly for September, and some for October. Smaller lots of less than 2,000t was offered at around $585/t cfr. These suppliers could be short-selling, a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous