14
Jul
10:23
ASEAN wire rod import market slides further
Offer prices for imported wire rod continue to slide in Southeast Asia, Kallanish understands. Traders are believed to be actively short-selling in the current depressed market and have been blamed for causing the sharp decline in prices.
Certain traders are offering regional low-carbon 6.5mm wire rod at $600/tonne cfr Manila this week. These are offers for September shipment of Asean- and Chinese-origin material at seller’s option. Last week, such…
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Anonymous
Very good overview of the weekly steel market.
Anonymous