25
Mar
11:41
China's wire rod exports stagnate on unclear policy
The Chinese wire rod export market has remained quiet this week, but steel mills raised their offer prices due to concerns about changes in tax rebates.
This week, individual blast furnace steel mills increased their wire rod export offers by $15/tonne to $740/t fob China, mainly to manage their risk, as China's new export tax rebate policy is still undecided. These steel mills also added corresponding clauses in the contract to share the risk of tax rebate ch…
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Anonymous
Very good overview of the weekly steel market.
Anonymous