Southeast Asian import markets for wire rod and rebar continue to see offers rise on firm raw materials and strong Chinese steel prices, Kallanish notes. However, regional buyers are generally restrained and slow in placing orders because of the approaching Lunar New Year and concerns over rising Covid-19 Omicron variant infections.
An Indonesian blast furnace mill has raised its offer for low-carbon 6.5mm diameter SAE 1008 wire rod to $750/ton…
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