28
Mar
08:06
Cheaper Chinese wire rod becomes competitive in ASEAN
Chinese wire rod prices have fallen to competitive levels in Vietnam, Kallanish notes. Trades are taking place despite an ongoing safeguard duty of 6.2%.
Wire rod offers for Chinese 6.5mm up diameter SAE 1008 wire rod are prevailing at around $495/tonne cfr Vietnam for May shipment.
“Many vessels are arriving from China, so that the sellers can combine with hot rolled coil,” a Vietnamese mill manager says. Traders are selling short and their offers fo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous