28
Dec
09:18
ASEAN wire rod markets drift sideways amid holiday
ASEAN import markets for wire rod were quiet during the last week of the year, Kallanish notes. Many market participants were in holiday mood because of the approaching new year.
Offers for Chinese mesh-grade 6.5mm diameter wire rod were heard at $560-565/tonne cfr Manila. These offers are lower priced because they are generally believed to be shipped without full payment of VAT. The large Chinese mills’ offers are currently at $575-580/t fob China. Off…
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Anonymous
Very good overview of the weekly steel market.
Anonymous