08
Dec
14:51
Weak demand dampens recovery in ASEAN longs market
Rebar and wire rod trading has temporarily halted in Southeast Asia, Kallanish notes. Offer prices have surged on the rally in Chinese steel futures markets amid the easing of Covid restrictions in the country.
Wire rod import quotes have gone 5% higher in Manila and rebar offers around 3% higher in Singapore over the past week. However, regional users are slow to accept the price hikes. Although Chinese steel demand and prices could improve no…
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Anonymous
Very good overview of the weekly steel market.
Anonymous