09
Jun
11:58
Exporters raise prices in weak ASEAN longs market
The ASEAN import markets continued to be quiet this week, Kallanish notes. Regional suppliers of wire rod have hiked offers in Philippines despite sluggish demand. In Singapore, traders hear that a Middle Eastern supplier is aiming to push up prices.
Offers for 6.5mm diameter blast furnace SAE 1008 wire rod for August shipment are hiked to $750-755/tonne cfr from $740/t last week. Some traders say that end-July shipments are possible. A Manila trader says tha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous