Sino-US trade tensions dampen interest for Chinese wire rod exports

Export prices for China-origin wire rod dropped over the week ended Tuesday May 14 on the bearish market sentiment generated by the trade war between China and the United States.

Fastmarkets’ export price assessment for June shipments of Chinese chromium-added mesh-quality wire rod was $530-535 per tonne fob on May 14, down by $15 per tonne from a week earlier. Steel mills were heard offering the product at $535 per tonne fob, compared with $550 per tonne fob in recent weeks. But market participants thought that mills could give a discount of $5...

Published

Jessica Zong

May 15, 2019

05:15 GMT

Shanghai