30
Mar
14:53
Chinese wire rod export prices slump
Chinese wire rod export prices have fallen rapidly due to slowing demand. Weakness in the domestic steel market has also dragged down steel prices since last week.
Kallanish assessed 6.5mm diameter mesh-grade wire rod at $635/tonne fob China, down $20/t from a week ago.
Alloy-added wire rod mills in northeast China have again announced they will accept $5/t reductions after lowering their export offers to $640/t fob China this week. Some large trad…
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Anonymous
Very good overview of the weekly steel market.
Anonymous