14
Mar
06:19
Chinese wire rod gains competitiveness in ASEAN
Chinese wire rod is now the most competitive source in ASEAN, Kallanish notes. Suppliers have sharply lowered export prices amid the bearishness in the Chinese steel market.
Thai buyers have returned to the market to book Chinese 6.5mm low-carbon wire rod for May shipment since Tuesday at $540-545/tonne cif Bangkok. Each order is for around 7,000-10,000 tonnes and is composed of 3-4 customers buying 2,000-3,000t each. "It seems that the Chinese market is weak…
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Anonymous
Very good overview of the weekly steel market.
Anonymous