18
Jul
14:43
Chinese wire rod exports fall amid inspection disruption
China's wire rod export market is in turmoil following customs inspections that have disrupted shipments and driven down prices.
Kallanish assesses 6.5mm diameter mesh-grade wire rod at $515/tonne fob China, down $20/t from a week earlier.
The latest alloy-added wire rod export offers range from $515-525/t fob China. Market sources tell Kallanish the drop is the result of weak domestic and overseas demand. Reports indicate that several thousand tonnes of wire…
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Anonymous
Very good overview of the weekly steel market.
Anonymous