27
Oct
12:31
Chinese wire rod depresses ASEAN market further
The ASEAN import market for wire rod continues to be dragged down by low-priced Chinese material, Kallanish notes. Regional buyers are holding back because of severe market bearishness and pessimism over any near-term rebound. Certain suppliers are believed to be short-selling cargoes in the market.
Offers for Chinese-origin wire rod of 6.5mm diameter for December shipment are prevailing at $535-540/tonne cfr Manila, $10/t lower than last week. Small parcels were …
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Anonymous
Very good overview of the weekly steel market.
Anonymous