03
Aug
13:10
ASEAN rod market pauses on Chinese futures slide
Offers for Chinese wire rod have fallen back in the Philippines, in line with the downturn in the Chinese steel futures market, Kallanish notes.
A booking of Chinese wire rod for early-September shipment was concluded on Tuesday at $540/tonne cfr Manila, Manila-based trading sources report. “I heard that it was for a few thousand tonnes but the SHFE is sharply down today,” a Manila trader said on Thursday.
Offers for Chinese wire rod were last week a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous