29
Oct
11:03
Southeast Asian rod prices rise despite Chinese drop
The Chinese wire rod export market saw a slight decline this week and returned to the level of two weeks ago. Although domestic steel inventories have fallen rapidly, export market transactions have remained flat, Kallanish notes.
During the week, some wire rod export offers remained at $520-525/tonne fob China, but some mills decreased their offers to around $515/t fob. A small amount of deals were concluded at $515/t fob to South America. However, the&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous