12
Oct
12:21
ASEAN wire rod market falters on China weakness
The ASEAN low-carbon wire rod market was quiet this week, Kallanish notes. Weakness in the Chinese steel futures market has caused regional buyers to stay on the sidelines.
The Philippine market, which is largely supplied by Chinese material, saw exporters asking for bids for Chinese mesh-grade 6.5mm diameter wire rod at $510/tonne cfr Manila. “The market is bad. It is coming down,” a Manila trader says. While he thinks that sellers would accept firm b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous