21
Apr
15:56
China's wire rod exports drop due to lockdown
China's wire rod export prices have fallen rapidly this week. More lockdowns have weakened market sentiment.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $825/tonne fob China, down by $15/t on-week.
Steel mills are increasingly overwhelmed with inventories as the shutdown due to covid-19 continues this week. Chinese wire rod exporters have had to cut prices to boost export deals. Northern China's steel mills offered …
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Anonymous
Very good overview of the weekly steel market.
Anonymous