25
Jan
13:30
Chinese wire rod prices rise in ASEAN
The ASEAN wire rod import market saw Chinese offer prices rise after Beijing’s move to loosen liquidity by lowering the reserve ratio requirements for banks. Buyers are in no hurry to accept the hiked offer prices because regional markets have been quiet, Kallanish notes.
In Manila, offers for Chinese mesh-grade 6.5mm diameter SAE 1008 wire rod for early-March shipment are prevailing at around $565/tonne cfr, up from $550/t cfr last week. These are believed …
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Anonymous
Very good overview of the weekly steel market.
Anonymous