29
Feb
09:48
ASEAN wire rod import market drifts sideways
ASEAN wire rod import markets continue to languish because of volatility in the Chinese steel futures market, Kallanish notes. There is also a price standoff between buyers and sellers.
In Manila, offers for Chinese mesh-grade 6.5mm diameter SAE 1008 wire rod are at around $550/tonne cfr, unchanged since mid-January. Chinese SAE 1008/Q195 6.5/8/10mm wire rod is currently offered at $535/t cfr Vietnam compared to $538/t cfr Vietnam last week. All these offers …
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Anonymous
Very good overview of the weekly steel market.
Anonymous