20
Jul
12:57
ASEAN wire rod market drifts on weak demand
The import market for low-carbon wire rod remains sluggish in Southeast Asia, Kallanish notes. Buyers are not aggressive because demand continues to be weak. However, Chinese steel futures markets are moving up and this may spur buyers to return if Chinese wire rod export prices rise.
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 for se…
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Anonymous
Very good overview of the weekly steel market.
Anonymous