13
Oct
12:07
ASEAN wire rod market softens post-Chinese holiday
The ASEAN import market for wire rod has softened after the long Chinese holiday, Kallanish notes. Sellers had earlier anticipated that prices will rise after the holiday. This has not materialised and the market continues to move sluggishly amid lowered offers.
Offers for Chinese-origin 6.5mm diameter wire rod for December shipment are prevailing at $565-570/tonne cfr Manila. Regional blast furnace wire rod from Indonesia and Malaysia is offered at $585…
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Anonymous
Very good overview of the weekly steel market.
Anonymous