01
Sep
14:02
Chinese wire rod encounters South Korean competition
Chinese wire export prices have fallen but remain too high for regional buyers.
On Thursday, Kallanish assessed 6.5mm diameter mesh-grade wire rod at $590/tonne fob China, down $20/t on-week.
The expected autumn peak-sales season in China has not arrived as scheduled, and confidence in the Chinese steel market has declined. Wire rod exporters face a frozen export environment, with overseas customers losing interest in China's high-priced wire rod. 6…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous