20
Oct
11:53
Lower-priced Chinese wire rod squeezes ASEAN market
The ASEAN import market for wire rod is lackluster and prices are still falling, Kallanish notes. Sluggish demand, a slowdown in Asia and availability of low-priced Chinese material are the main factors dragging down the market, trading sources say.
The lowest offers for Chinese-origin 6.5mm diameter wire rod for December shipment are prevailing at $545-550/tonne cfr Manila, down $20/t on-week, Philippine trading sources say. Small orders for 1,000-2,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous