September 7-Latest Wire Rod Offer
Yesterday, the ex-factory settlement price of some steel plants in Changli and Qian’an was stable at 3480, and the transaction price of traders including tax was 3530-3540. In the morning of today, the Changli area rose by 20 to 3,500. After the increase, the billet transaction weakened, and the downstream finished product prices became stronger and adjusted. Tangshan billet direct delivery was generally weak. The warehouse spot reported 3560-3580 in early trading, including tax-included low-price transactions. The mid-lower rate is now the mainstream price of 3540-3560. The price of finished products in the downstream has become stronger and adjusted. The narrow-band trading is active and the section steel is in general. The price of billet will continue to rise in the afternoon.