10
Feb
11:57
Rising market lifts China’s wire rod exports
Chinese steel prices have seen a significant rise after the Chinese New Year holiday, which has in turn boosted wire rod export prices.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $760/tonne fob China, up by $20/t since before the holiday.
Trading was quiet during the holiday period, but overseas buyers became more active when traders returned to the market. Northeast China's wire rod exporting mills raised prices by $20/t to $760/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous