31
Mar
14:21
Chinese wire rod export prices decline
Chinese wire rod export prices have eased this week, but export sentiment among sellers was more positive.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $840/tonne fob China, down by $10/t on-week.
Affected by spreading coronavirus cases, Chinese construction activity has slowed and demand fallen. In particular, Tangshan and Shanghai closed some areas this week, and spot market demand has stagnated. This has also led to wire rod prices ret…
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Anonymous
Very good overview of the weekly steel market.
Anonymous