08
Dec
12:55
China's wire rod surges on CNY appreciation
China's wire rod export prices have surged due to a rebound in the domestic steel market and exchange rate changes, but export demand has slumped.
Alloy-added wire rod exporting mills in northern China are now raising their offers to $565-575/tonne fob China, with no discounts provided to buyers. Steel prices rose as sentiment rebounded with China easing Covid-19 controls. An eastern China steel mill has also increased its export prices for high-carb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous