14
Oct
14:00
Chinese rod exports freeze, imports become more likely
Chinese wire rod exports have ground to a halt amid the country’s policy to discourage exports of low-end steel products, while domestic output restrictions are even making mills consider imports to meet domestic demand.
The increase in local steel prices has caused export offers to lose competitiveness. Market traders report offers at $880-900/tonne fob China, for end-November and early-December shipment. Even though buyers receive discounts for t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous