China's wire rod export prices picked up on a stronger CNY and firm expectations for the Chinese domestic steel market.
Kallanish assessed 6.5mm diameter mesh-grade wire rod at $570/tonne fob China, up $10/t from the week before.
Major alloy-added wire rod exporters in northeastern China raised their offers to $575-580/t fob China, up $5-10/t from a week before. Chinese steel prices remained firm during the week, and so supported export offers. Non-alloy…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.