23
Feb
15:16
Inventory pressure activates Chinese wire exporters
China's steel market has seen a price explosion amid soaring economic expectations this week. This has also led to higher export prices.
Kallanish assessed 6.5mm diameter mesh-grade wire rod at $660/tonne fob China, up $10/t from a week before.
Export offers for alloy-added wire rod from two mills in northeast China rose slightly from last week to $660-670/t fob China. Rising local steel prices in China stimulated the export market, but export transactio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous