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09 May
12:23

Chinese wire rod export prices rise after holiday

China's wire rod export prices have risen after the Labour Day holiday, even as China's futures market has turned downward. Kallanish assesses 6.5mm diameter mesh-grade wire rod at $540-545/tonne fob China, up by $7.5/t from a week earlier. A major steel mill in northeastern China has set its alloy-added wire export price at $540-545/t fob China, which is a slight increase from the $535/t trading price before the holiday. As the Chinese market rebounded q…
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