13
Apr
09:54
Wire rod prices soften in negative ASEAN market
The ASEAN import market for wire rod continues to weaken. As there are no signs yet of any price support, regional buyers are not inclined to step in until the market stabilises, Kallanish notes.
Offers for small, residual lots of Tangshan wire rod have slipped to as low as $580/tonne cfr Manila, down from last week’s $595/t cfr. “The market is very bad,” a Manila trader says. He has heard of around 2,000t booked at $575-578/t cfr Manila. He is …
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Anonymous
Very good overview of the weekly steel market.
Anonymous