07
Sep
12:59
Chinese, ASEAN wire rod markets drag on listlessly
The imported wire rod market in ASEAN remains dull, Kallanish notes. The volatility in China's domestic steel market continues to depress already weak demand in Southeast Asia. In China, export prices were lowered this week.
Offers for Chinese mesh-grade 6.5mm diameter wire rod prevailed at around $515-520/tonne cfr Manila on Thursday. These low-priced Chinese offers are generally believed to be cargoes shipped out from China without the full VAT payment. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous