China’s wire rod export prices drop further on selling pressure

The downtrend experienced by export prices for Chinese wire rod persisted over the past week, with mills under pressure to secure orders from overseas buyers.

Fastmarkets’ weekly price assessment for November shipments of steel wire rod (mesh quality) export, fob China main port was $470-475 per tonne fob on Tuesday September 17, widening downward by $5-10 per tonne from $480 per tonne fob a week earlier. Offers for the product were heard at $475 per...

Published

Jessica Zong

September 18, 2019

06:33 GMT

Shanghai