21
Dec
09:40
ASEAN wire rod import market slows down
Prices of imported wire rod continue to be firm in the Philippines whereas buying interest is thin, Kallanish notes. The market has slowed down ahead of Christmas.
Prices for Chinese and regional wire rod are similar to last week. Offers for Chinese mesh-grade 6.5mm diameter wire rod are around $560/tonne cfr Manila. Last week, several small-tonnage deals took place at $555/t cfr Manila. “The wire rod market here is very quiet as most are on vacation,”…
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Anonymous
Very good overview of the weekly steel market.
Anonymous