28
Apr
14:03
China's wire rod export prices remain flat
Chinese wire rod exports were unchanged this week amid ongoing lockdowns and subdued market expectations.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $825/tonne fob China, remaining stable on-week.
The devaluation of the Chinese yuan has boosted Chinese steel mills' willingness to export because they can offer lower prices in USD. A steel mill in eastern China lowered its wire rod export price to $830/t fob China, continuing its…
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Anonymous
Very good overview of the weekly steel market.
Anonymous