21
Apr
10:59
ASEAN longs markets soften, Chinese exports increasingly competitive
The East Asian long product import markets are softening. Offer prices are falling, especially for wire rod imports, Kallanish notes. At the same time, more competitive offers of Chinese longs are surfacing in the region. This could be due to the widespread Covid lockdowns in China and the weakness of the CNY against the dollar.
Most offers for 6.5mm diameter blast furnace wire rod from within Southeast Asia have dipped by $10/tonne compar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous