10
Nov
13:40
Weak demand drags down ASEAN wire rod market
Falling steel markets in Asia have led to a decline in wire rod transactions, with weak market demand prompting mills in China and Southeast Asia to cut production.
Few regional traders are paying attention to the wire rod import market in Southeast Asia this week. Demand has been lacklustre and Chinese offer prices were sliding.
However, prices now appear to be flattening out. Traders are still actively short selling, with Chinese wire rod export offers re…
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Anonymous
Very good overview of the weekly steel market.
Anonymous