06
Aug
11:46
Chinese longs export prices rise on currency appreciation
The longs import market in ASEAN continues to be unstable, Kallanish notes. Chinese offers rose this week on the weakness of the dollar, eroding its recent price competitiveness against regional material.
In Manila, offers for Chinese mesh-grade 6.5mm diameter wire rod are heard on Tuesday at around $515/t cfr Manila, some $10/t higher than the end of last week. A small quantity closed at $495/t cfr last Wednesday
A leading Indonesian mill sold mesh-grade 6.5mm d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous