02
Feb
14:45
Chinese rod export prices face short-selling
The weaker-than-expected performance of China's steel market after the holiday triggered traders to sell short on wire rod exports.
Kallanish assessed 6.5mm diameter mesh-grade wire rod at $640/tonne fob China, unchanged during the holiday.
An alloy-added wire rod steel mill in northern China set export offers for wire rod at $650/t fob China, an increase of $10/t compared to pre-holiday. However, a market source told Kallanish that the steel m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous