27
Jul
14:42
Chinese rod exports gain on strong domestic market
Chinese wire rod export prices gained slightly this week, due to the domestic market rising briefly.
Kallanish assessed 6.5mm diameter mesh-grade wire rod at $545-550/tonne fob China, up $5/t from last week.
Offers of alloy-added wire rod from large northern Chinese steel mills are at $550/t fob China, more or less stable compared to last week. With the appreciation of the RMB/USD exchange rate, it is difficult for steel mills to lower prices to attract…
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Anonymous
Very good overview of the weekly steel market.
Anonymous