Chinese wire rod prices dip further on bearish sentiment

Export prices for Chinese wire rod were kept on a downward trend over the past week by soft demand and a bearish outlook for the domestic market in China.

Fastmarkets’ weekly price assessment for January/February shipments of steel wire rod (mesh quality) export, fob China main port was $465-470 per tonne on Tuesday December 17, down $5-10 per tonne from $475 per tonne a week earlier.

A steel mill in northeastern China offered the product at $470 per tonne fob, down $5...

Published

Jessica Zong

December 18, 2019

05:35 GMT

Shanghai