26
Oct
14:46
Chinese wire export prices decline with low confidence
China's wire rod export prices fell this week as traders sought to attract deals, despite the domestic steel market recovery.
Kallanish assessed 6.5mm diameter mesh-grade wire rod at $525/t fob China, down $10/t from a week before.
Although China's steel market has rebounded with the announcement of CNY 1 trillion of special government debt (see Kallanish passim), long steel export prices still see room for decline. Steel mills in northeastern C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous