07
Jul
08:55
ASEAN wire rod market plunges
Offer prices for imported wire rod have come down drastically in Southeast Asia, Kallanish understands. Certain suppliers are trying to lure regional buyers in a very negative market, some traders report. But others say they have not heard of such low offers yet.
Traders are this week seeking bids for regional low-carbon 6.5mm wire rod at $610-615/tonne cfr Manila. “They were stipulating Southeast Asian and Chinese origins,” a Manila trader says. …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous