10
Mar
14:35
East Asian longs trading quietens after surge
Rebar and wire rod import markets in East Asia are quiet after suppliers hiked offers sharply in the early part of the week. Buyers have been generally inactive this week because they need time to digest the higher prices as domestic markets are lagging behind, Kallanish understands.
Offers for regional blast furnace 6.5mm diameter wire rod from ASEAN are prevailing at $860-865/tonne cfr Manila. The offers are for steel with orig…
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Anonymous
Very good overview of the weekly steel market.
Anonymous