Weak demand sends export prices for Chinese wire rod lower

Export prices for Chinese wire rod continued to trend downward over the past week due to soft demand.

Fastmarkets’ weekly price assessment for October/November shipments of steel wire rod (mesh quality) export, fob China main port was $480 per tonne fob on Tuesday September 10, down $5 per tonne from a week earlier. A few steel mills lowered their offers by $5 per tonne to $480 per tonne fob early this week from $485 per tonne fob a week earlier,...

Published

Jessica Zong

September 11, 2019

06:21 GMT

Shanghai