28
Oct
10:47
China's wire rod export prices decline
The continuous decline in China's domestic steel market has led to a drop in wire rod export prices, Kallanish notes.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $855/tonne fob China, down $5/t from a week earlier.
The central government has continued to control coal prices, bringing steel prices sharply lower over the past week. Domestic demand for construction steel has been low, and market sentiment was sluggish. On the expor…
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Anonymous
Very good overview of the weekly steel market.
Anonymous