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24 Nov

China's wire rod export offers rebound

Chinese wire rod export prices have increased, led by a brief rebound in the domestic steel market since last week. However, Covid-19 has once again disrupted the trend. Kallanish assessed 6.5mm diameter mesh-grade wire rod at $530/tonne fob China, up $10/t week-on-week. A northeastern Chinese steel mill lifted its export offers from $545/t fob China to $560-565/t fob for alloy-added wire rod for January shipment, an increase of $15-20/t from last …
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