03
Jul
07:50
Chinese wire rod export prices fall steadily
China's wire rod export prices have steadily dropped as the domestic market has declined, despite traders concluding small orders for restocking, Kallanish notes.
On Friday, 6.5mm diameter mesh-grade wire rod was assessed at $450-455/tonne fob China, down $1.5/t week-on-week.
Offers for alloy-added wire rod from steel mills in northern China are higher than $460/t fob China, but mills are accepting discounts. A few orders, of several hundr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous