SE Asia buyers increase pressure on WR market
It seems that wire rod buyers in the Southeast Asian markets have started to increase their pressure in the export market recently. One report from Vietnam indicates that bids from buyers for wire rod are at around $600/mt CFR, although small bookings at higher numbers around $620-625/mt CFR are heard. Also in Indonesia, Chinese material is currently offered at $630/mt CFR; however, without any positive response from buyers so far. The last deal concluded in October from China to Indonesia was slightly below $600/mt CFR. In Singapore, Chinese material is offered via trader at $650s CFR.
Similar articles
US import rebar and wire rod pricing steady amid lackluster trade as markets wait on new July tariffs
02 Jul | Longs and Billet
US import rebar and wire rod pricing flat as markets react to effects of tariffs
04 Apr | Longs and Billet
US domestic rebar and wire rod pricing remains flat as uncertainty continues regarding upcoming April reciprocal tariffs
19 Mar | Longs and Billet
US import rebar and wire rod pricing flat as markets react to new Trump tariff policies
14 Mar | Longs and Billet
Trump administration backs down on 50 percent tariffs for Canada following Canadian concessions on power price hikes
12 Mar | Steel News
US Steel groups pledge support for steel tariffs, applaud actions taken by Trump Administration
10 Mar | Steel News
US import rebar and wire rod markets creep higher as first round of import tariffs take effect
06 Mar | Longs and Billet
Marketplace Offers
Wire Rod
Diameter: 6 - 16 mm
Diameter: 6 - 16 mm
TS708/S420/B420C/B420B
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.