25
Apr
14:44
Chinese wire rod exports stall amid investigation rumours
The Chinese wire rod export market remains quiet this week, as rumours of an investigation into exports that evade VAT left players cautious. VAT evasion has boosted the competitiveness of Chinese steel exports of all types for the last couple of years, but a crackdown remains uncertain.
Traders are holding their offers for both alloy-added and non-alloy wire rod until the market returns from the Labor Day holiday in the first week of May. They believe the market …
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Anonymous
Very good overview of the weekly steel market.
Anonymous