21
Sep
10:52
ASEAN wire rod import market languishes
Suppliers are aiming to hike wire rod export prices to ASEAN, Kallanish notes. This is on the basis of increased raw materials costs. However, poor regional steel demand continues to depress market sentiment.
Offers for Chinese mesh-grade 6.5mm diameter wire rod were prevailing on Thursday at $525-530/tonne cfr Manila, up from $525/t cfr from a week ago. “Chinese offers are cheaper but they are subject to day-to-day validity,” a Manila trader says. &l…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous