Export prices for Chinese wire rod drop sharply on selling pressure

Export prices for Chinese wire rod continued to tumble over the past week with mills coming under pressure to secure overseas orders.

Fastmarkets’ weekly price assessment for November/December shipments of steel wire rod (mesh quality) export, fob China main port was $445-450 per tonne fob on Tuesday October 22, down $10-15 per tonne from $460 per tonne fob a week earlier. With the period between November and January being a weak season for wire rod in China’s domestic market,...

Published

Jessica Zong

October 23, 2019

07:34 GMT

Shanghai