21
Jan
12:29
China's wire rod export transactions weaken
Chinese wire rod export prices have weakened slightly this week, but the bargaining space that Chinese steel mills can accept is limited, Kallanish notes.
Most mill offers in the market are concentrated at around $660/tonne fob China, basically unchanged from last week. Some steel mills with higher offers have also lowered their prices to this level this week. Domestic demand has fallen, inventory has gradually increased, and market trading pressure has gradu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous