02
Mar
12:53
China rod export deals slow despite yuan depreciation
Chinese wire rod export prices fell this week due to changes in the CNY exchange rate and weaker trading volumes.
Kallanish assessed 6.5mm diameter mesh-grade wire rod at $650/tonne fob China, down $10/t from a week before.
Export offers for alloy-added wire rod from northeast Chinese steel mills remained at $660-670/t fob China. However, traders provided offers at $10/t lower – $650/t fob China. Wire rod export transactions from China fell b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous