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31 Aug

Asian mesh wire rod import market moves sluggishly

The imported wire rod market in ASEAN continues to move sluggishly, Kallanish notes. Regional buyers are bidding at below offer prices in a market which is moving sideways.  Offers for Chinese mesh-grade wire rod prevailed at around $515-520/tonne cfr Manila. These low-priced Chinese offers are generally believed to be cargoes shipped out from China without the full VAT payment. For alloy-added wire rod, Chinese mills offered September/October shipment at $55…
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Maryam Wang  |  Shanghai , Anna Low  |  Singapore
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