26
May
14:08
China's rod export quotes drop in weak market
China's wire rod export market has weakened again, with Chinese traders dropping offers as demand remains pent up.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $770/tonne fob China, down $25-30/t on-week.
This week, steel mills in eastern China announced reductions in domestic wire rod prices. Meanwhile, alloy-added wire rod export offers from major steel mills were cut by $20/t to $780/t fob China. One northern Chinese…
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Anonymous
Very good overview of the weekly steel market.
Anonymous