28
Sep
10:30
ASEAN wire rod market brakes for Chinese holiday
The wire rod import markets in ASEAN were quiet this week on account of the approaching long holiday in China, Kallanish notes. Certain exporters lowered Chinese offers in tandem with the weakness in the Shanghai steel futures market.
Offers for Chinese mesh-grade 6.5mm diameter wire rod were prevailing at as low as $515/tonne cfr Manila. Most offers last week were at $525-530/t cfr Manila. The market mood is quiet ahead of the Chinese holiday, local trading sour…
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Anonymous
Very good overview of the weekly steel market.
Anonymous