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08 Jun

Wire rod import market rises slightly in ASEAN

Wire rod import markets in ASEAN have rebounded slightly, Kallanish notes. This is mainly due to the improved performance of Chinese steel futures in the past week. Chinese-origin 6.5mm diameter wire rod for July shipment is offered at about the same level as last week, a minimum of $535/tonne cfr Manila. A small tonnage of 2,000 tonnes for a pre-specified mill and quality was booked on 5 June at $540/t cfr Manila. “This is roughly equivalent to $535/t cfr f…
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