19
May
13:03
Chinese rod export prices fall on short positions
China's wire rod export prices continue to decline, as sluggish demand in both the domestic market and abroad has caused Chinese export trade to stagnate again.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $795-800/tonne fob China, down $15-20/t on-week.
Tangshan billet prices have fallen by CNY 170/t ($25/t) over the week, rapidly dragging down steel prices in China. Traders in Tangshan meanwhile cut their non-alloy wire rod exp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous