22
Sep
18:44
Philippine wire rod users restock on Chinese material
Buying activity picked up for wire rod imports in the Philippines during the past week, Kallanish notes. Buyers came back to restock after weeks of staying away as Chinese material became competitive.
Offers for regional-origin blast furnace 6.5mm diameter wire rod rise to above $600/tonne cfr Manila from around $600/t cfr last week. Regional mills hiked export offers for wire rod amid demand and export sales in the EU.
Deals instead struck for Chinese-origin 6.5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous