Export prices for Chinese wire rod continued to drop over the past week, with mills looking to secure more orders from abroad amid subdued domestic demand.
Fastmarkets’ weekly price assessment for October/November shipments of steel wire rod (mesh quality) export, fob China main port was $485 per tonne fob on Tuesday September 4, narrowing downward by $5-10 per tonne from $490-495 per tonne a week earlier.
Domestic demand in China remained persistently weak, which kept prices in a downward trend. This makes wire rod…