04
Jun
12:18
China's wire rod export prices rise, imports see block
The Chinese wire rod export offers have been stimulated by higher domestic prices. At the same time, high-price markets have also attracted wire rod imports from other Asian countries to China, Kallanish notes.
On Thursday, 6.5mm diameter mesh-grade wire rod was assessed at $445/tonne fob China, up $5/t week-on-week. The offers of major Chinese steel mills have soared to over $460/t fob China, which is far from the target price of overseas buyers.&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous