14
Sep
12:23
ASEAN wire rod market moves without clear direction
The wire rod import market in ASEAN is still sluggish, Kallanish notes. Buyers are not keen to book in an uncertain market where domestic demand is weak.
Offers for Chinese mesh-grade 6.5mm diameter wire rod were prevailing at $525/tonne cfr Manila on Thursday. These low-priced Chinese offers are generally believed to be cargoes shipped out from China without the full VAT payment.
Offers have been fluctuating within a $5-10/t band in recent weeks. No recent…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous