22
Oct
11:07
Chinese wire rod export prices rise on currency
The offshore CNY exchange rate against the US dollar hit a new two-year high this week, which led to firmer Chinese wire rod export offers, Kallanish notes.
Although wire rod export offers remained at $520-525/tonne fob China, unchanged from last week, the actual transaction price registered an upward trend.
South American buyers have raised their target price to $510/t fob China, while the indicative transaction price of Chinese steel mills is $5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous