18
Jun
11:34
Domestic market drives Chinese wire rod export prices
China's strong steel market trend continues to boost wire rod export prices, meaning China still has no chance to participate in Asian wire rod markets, Kallanish notes.
On Thursday, 6.5mm diameter mesh-grade wire rod was assessed at $455/tonne fob China, up $10/t week-on-week.
Major mills in northern China offered alloy-added wire rod at $460-465/t fob China this week. A small-volume deal was concluded at $455/t cfr this week, a mark…
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Anonymous
Very good overview of the weekly steel market.
Anonymous