24
Oct
08:36
Lower prices bring deals to Chinese rod exporters
Chinese wire rod exporters have begun to cut prices sharply this week to get market deals. Some wire rod was booked to the Philippines, Kallanish notes.
A major mill in northern China is offering at $450/tonne fob; however, mills in eastern China are holding prices at $460-465/t fob. Some mills have kept list prices unchanged, while others cut by $10/t. Low-priced resources have appeared in the market from short-sellers, howeve…
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Anonymous
Very good overview of the weekly steel market.
Anonymous