The ASEAN import market for wire rod is sliding, Kallanish notes. Sentiment is uncertain amid weakness in the domestic steel market in China.
Small tonnages of China-origin low-carbon 6.5mm diameter non-alloy wire rod from Tangshan are being offered at $610-620/tonne cfr Manila, down from $630-635/t last week. Several thousand tonnes were ordered at $610-615/t cfr, trading sources in Manila report. These are “cheap and the same as billet prices,” a Ma…
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