12
Jan
12:30
ASEAN wire rod market spirals upwards
The wire rod import market in Southeast Asia saw offer prices rise again this week, Kallanish notes. Buyers are however slow to accept the price hikes which started amid improved sentiment in the Chinese domestic steel market.
Chinese-origin 6.5mm diameter wire rod was ordered on 12 January at $625/tonne cfr Manila, up $25/t from offers the week before. Offers of wire rod from ASEAN blast furnace mills are higher at around $640/t cfr Manila, up fro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous