26
Oct
12:37
ASEAN wire rod fluctuates with Chinese steel futures
Wire rod import prices continue to fluctuate in ASEAN as all eyes are on the Chinese steel futures market. Offer prices rose in recent days but many regional traders are sceptical about the sustainability of firming values, Kallanish understands.
Offers for Chinese mesh-grade 6.5mm diameter wire rod rose to $520-530/tonne cfr Manila. Traders are unable to confirm any recent bookings. Several wire rod orders of 1,000-2,000 tonnes for prompt November shipment w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous