Weak demand pushes down China’s wire rod export prices

China’s export prices for wire rod dropped over the past week amid persistently soft demand that has lasted for most of the last month.

Fastmarkets’ price assessment for August/September shipments of steel wire rod (mesh quality) export, fob China main port was $505-525 per tonne fob on Tuesday July 16, widened downward by $5 per tonne from $510-525 per tonne a week earlier.

Buying demand started to fall when mills raised their offers...

Published

Jessica Zong

July 17, 2019

08:27 GMT

Shanghai