China's wire rod export prices tumble amid domestic decline, stiff competition

Export prices for Chinese wire rod fell further over the past week amid a softening domestic market and lower offers from suppliers in other regions.

Fastmarkets’ price assessment for September/October shipments of steel wire rod (mesh quality) export, fob China main port was $495-500 per tonne fob on Tuesday August 13, down $15 per tonne from $510-515 per tonne a week earlier.

Domestic prices for wire rod in China moved down last week due to weakening demand...


Jessica Zong

August 14, 2019

06:36 GMT