20
May
14:13
China's wire rod export prices fall
The Chinese wire rod export market has experienced a sharp decline this week, as the collapse of domestic steel prices undermined confidence.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $910/tonne fob China, down by $90/t from a week earlier.
After China's wire rod export prices hit a high of more than $1,000/t fob China last week, the market began to fall when China said it would move to control inflation. The recent surge…
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Anonymous
Very good overview of the weekly steel market.
Anonymous