10
Aug
11:19
Wire rod import market weakens in ASEAN
Offers for imported wire rod continue to weaken in ASEAN, Kallanish notes. This is in line with uncertainty over a faltering economic outlook in China and a sluggish Chinese steel futures market.
Chinese wire rod offers are prevailing at as low as $525/tonne cfr Manila, Philippine trading sources say. Offers last week were $10-15/t higher. These low-priced offers for Chinese wire rod are generally believed to be cargoes shipped out from China without the full…
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Anonymous
Very good overview of the weekly steel market.
Anonymous