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Steel wire rod prices collapse in Dubai on import pressure

Wire rod price levels have seen unusual debacle recently in Dubai market. It is learnt that heavy influx of cheaper Chinese material has played the devil bringing down local price levels by AED 100 per tonne within a month.  Earlier ...

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Japanese steel mills eying wire rod price recovery for exports to Asia

The Japanese blast furnace mills are expected to commence negotiations on steel wire rods for Asia for shipments of the next quarter (January March next year) as early as mid November. At present, they are studying their offer prices, and ...

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China’s Shagang to cut wire rod and rebar prices on slow demand

Chinese steelmaker Shagang Group announced to cut its wire rod prices by CNY 50 per tonne to CNY 110 per tonne for deliveries in early September amid poor demands from the screw industry. Besides, the company will lower its rebar ...

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Baosteel to hold wire rod prices for consecutive 14 months

The Chinese steelmaker Baosteel announced to keep its list prices of wire rod unchanged for September. The company has remained the list prices flat for consecutive 14 months. The prices for cold heading steel wires, spring steel wires and special ...

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