23
May
12:17
Offers rise in ASEAN rebar, wire rod markets
Offers for imported wire rod and rebar have risen in ASEAN, Kallanish notes. Improved optimism in the Chinese steel market and firm iron ore prices have contributed to bullishness among suppliers. However, buying interest in the region is thin.
While non-VAT Chinese SAE 1008 6.5mm diameter wire rod offers are still prevalent, exporters have hiked these quotes amid the rising Shanghai Futures Exchange. In Vietnam, offers for Chinese wire rod were prevailing at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous