16
Jul
11:41
Domestic market further lifts China's rod export prices
China's steel markets have rebounded again over the last week, driving further export price increases for wire rod and making it even harder to secure export transactions, Kallanish notes.
On Thursday, 6.5mm diameter mesh-grade wire rod was assessed at $465/tonne fob China, up $10-15/t week-on-week.
This week, wire rod offers from major northern steel mills were above $470/t fob China. Due to strong domestic demand, Chinese steel mills are unable to offe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous