06
Jul
13:11
ASEAN wire rod market languishes
The ASEAN import market for low-carbon wire rod is weak and sluggish, Kallanish notes. Buyers remain on the sidelines because of the lack of market direction and uncertainty over many factors affecting businesses, including interest rates and a cloudy macroeconomic outlook.
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 from a week ago. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous