01
Jul
16:34
Chinese wire rod export prices stagnate in quiet market
The Chinese wire rod export market has remained quiet due to weaker demand. Steel mills received a small number of orders after lowering prices, Kallanish notes.
The export tax rebate policy did not change in early July as expected by the market. The Chinese government is focussed the celebration of the 100th anniversary of the founding of the Communist Party and is prioritising stability.
However, Chinese steel mills are struggling to maintain offers in the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous