Chinese wire rod producers raise offers further on bullish domestic outlook

Chinese steelmakers continued raising their export offers for wire rod over the past week on their optimistic expectation of strong domestic demand in February and March.

Fastmarkets’ weekly price assessment for February/March shipments of steel wire rod (mesh quality) export, fob China main port was $485-490 per tonne on Tuesday January 14, up $5 per tonne from a week earlier.

Wire rod producers raised their export offers by $5 per tonne this...

Published

Jessica Zong

January 15, 2020

06:07 GMT

Shanghai