20
Jul
14:49
Chinese rod export prices gain on currency appreciation
Chinese wire rod export prices were lifted by the appreciation of the RMB, even though export transactions remained weak.
Kallanish assessed 6.5mm diameter mesh-grade wire rod at $540-545/tonne fob China, up $10/t from last week.
Offers of alloy-added wire rod from large northern Chinese steel mills are at $540-550/t fob China, an increase of $10-15/t compared to last week. However, this price has dropped by about $5/t from the beginning of the week, because…
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Kallanish Asia
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