Wire rod export quotations ex-China

Due to the weak market conditions domestically, wire rod export price levels have also slided in China recently dropping to $390/mt FOB for 6.5 mm and above and to $410/mt FOB for 5.5 mm. However, the impact of the announcement of a 10 percent export duty imposition by China's State Council will also have to be monitored for its possible impact on export pricing in this region.