Wire rod export prices from Chinese suppliers have remained at $492.5/mt FOB on average during the past week.
Offers for SAE1008-1010 wire rod have been at $485-500/mt FOB, with a deal for a small volume done closer to the upper limit of the range to Southeast Asian last week.
At the same time, the official offer prices of wire rod from Alliance Steel in Malaysia have been heard at $475-480/mt FOB. Meanwhile, traders have mentioned that demand for wire rod in the Philippines and Indonesia lacks strength.
