16
Jun
14:36
Chinese wire export price falls, supply dwindles
Chinese wire rod prices are under pressure in both the domestic and export markets, with mills cutting production in a falling market.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $730/tonne fob China, down $20/t on-week.
The slow recovery of demand in the domestic steel market resulted in steel prices being weaker than expected. With domestic raw material prices rising, some Chinese steel mills have chosen to reduce production (see …
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Anonymous
Very good overview of the weekly steel market.
Anonymous