25
Apr
11:25
ASEAN wire rod market awaits Chinese crackdown
Market chatter that the Chinese government is currently taking measures to tackle wire rod exports which are circumventing full payment of Chinese VAT has stalled this market segment in ASEAN, Kallanish notes.
The call for the Chinese authorities to step in once again comes about as China announces its largest wave of steel exports since a global oversupply around ten years ago.
Suppliers have withdrawn offers without VAT for the time being as a precaution. "…
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Anonymous
Very good overview of the weekly steel market.
Anonymous