28
Jul
12:44
Wire rod import prices stabilise in Philippines
The import market for wire rod in the Philippines is stable this week, Kallanish notes. Prices for concluded deals are roughly similar to last week.
Small-tonnage deals for 6.5mm SAE 1008 blast furnace regional wire rod for September shipment transacted at $570/tonne cfr Manila. A 3,000-tonne booking of Indonesian-origin material was made on 26 July, a Manila trader says. Another heard deals for 1,000-2,000t of unspecified ASEAN-origin material. Last week, regiona…
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Anonymous
Very good overview of the weekly steel market.
Anonymous