02
Apr
12:19
Export traders short sell Chinese wire rod
China's wire rod export prices have started to decline significantly, with a large number of traders shorting the market, Kallanish notes.
Mainstream offers for non-alloy wire rod have fallen by at least $10/tonne to $435/t fob China this week. Some traders even offer at $430/t fob China. The spread of Covid-19 overseas has protracted the downturn in market transactions. A trader tells Kallanish that a deal was said to be closed at $420-425/t fo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous