05
Oct
13:06
ASEAN wire rod market awaits China's return
The ASEAN low-carbon wire rod market has been silent this week, Kallanish notes. Chinese exporters are absent due to the Golden Week holiday.
"It is pretty quiet this week," a Manila trader says. He believes prices "may go down a bit". The Philippine market, which is largely supplied by Chinese material, saw offers for Chinese mesh-grade 6.5mm diameter wire rod prevailing last week at as low as $515/tonne cfr Manila. These low-priced Chinese of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous