Local wire rod quotations in Indian market – week 1
Local market sources report that prices of domestic wire rod with 5.5 mm thickness in India have decreased by INR 500/mt ($7/mt) over the past week.
Local market sources report that prices of domestic wire rod with 5.5 mm thickness in India have decreased by INR 500/mt ($7/mt) over the past week.
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Icdas has once again decided to stick to its previously voiced offers for rebar and wire rod on US dollar basis.
As of January 4, ex-China stainless steel coil export prices are at $3,050-3,150/mt FOB, moving sideways compared to December 28.
Chinese domestic manganese ore prices have continued their stable trend during the past week.
Ex-China HRC offer prices have moved sideways in the past week and, even though futures prices in China have rebounded recently.
Ex-India hot rolled coil (HRC) prices have remained under strong pressure from the sharp rise in inventories at mills.