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15 Dec
12:25

ASEAN longs importers shun price frenzy

Rebar and wire rod offers continue to surge in Southeast Asia, Kallanish notes. Buying interest is sparse because suppliers’ prices are moving up too fast for regional end-users to absorb. Malaysian- or Indonesian-origin 6.5mm low-carbon wire rod offers have risen sharply to $615/tonne cfr Manila levels, up from $580-590/last week and $550-555/t just two weeks ago. Traders say an Indonesian mill’s offer is prevailing at $590/t fob, up from $5…
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