04
Apr
11:58
ASEAN mill slashes wire rod export prices
Wire rod export prices remain weak in ASEAN despite a rebound in Shanghai steel futures early this week before China closed for a holiday, Kallanish notes. ASEAN mills recently lowered their wire rod export prices in tandem with the price slide in China.
Wire rod offers for Chinese 6.5mm up diameter SAE 1008 wire rod are prevailing at around $490-495/tonne cfr Vietnam or around $500/t cfr Manila for late-May shipment. These are roughly unchanged on-week. The low-p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous