03
Nov
10:31
ASEAN wire rod import market softens further
The ASEAN import market for wire rod continues to see prices spiral downwards, Kallanish notes. Weak market sentiment and demand continue to plague the market.
Thai traders report that 3,000 tonnes of 6.5mm SAE 1006 wire rod from China for January shipment was booked on Tuesday at $545/t cif. Offers for Chinese-origin wire rod of 6.5mm diameter for December shipment are prevailing at around $520/t cfr Manila down from last week’s $535-540/t cf…
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Anonymous
Very good overview of the weekly steel market.
Anonymous