13
Jul
11:46
ASEAN wire rod dips on market weakness
The import market for low-carbon wire rod remains weak in Southeast Asia, Kallanish notes. Trading is thin as regional buyers continue to stay away.
Offers for small-tonnage lots of Chinese-origin 6.5mm-diameter low-carbon wire rod from Tangshan for August shipment are still hovering at $530-535/tonne cfr Manila, unchanged in the past two weeks. A deal for 4,000 tonnes for prompt shipment was struck at $525/t cfr earlier this week. The offer prices are low because…
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Anonymous
Very good overview of the weekly steel market.
Anonymous