08
Dec
11:02
Southeast Asian import markets for rebar and wire rod are seeing a surge in offer prices, Kallanish notes. Buyers are generally shunning these offers because the price jump is too large and sudden. Steel demand is weak in the region because of tight credit, high interest rates and inflationary pressures.
Chinese- and ASEAN-origin 6.5mm low-carbon wire rod offers from traders have gone up to $580-590/tonne cfr Philippines, from $550-555/t last week. Traders ar…
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Anna Low
Singapore
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous