17
Mar
07:51
Longs import markets dip in East Asia
Rebar and wire rod import prices in East Asia have slipped from last week. The Covid-19 outbreaks in China and the plunge in crude oil prices may have played a part in the weakening of prices, Kallanish notes.
Offers for regional blast furnace 6.5mm diameter wire rod from Malaysia and Indonesia are prevailing at $840-845/tonne cfr Manila, down from $860-865/t cfr last week. They are for April/May shipments. “Mills still have excess capacity, w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous