October 26 Latest Wire Rod Offer
Yesterday, the ex-factory settlement price of some steel plants in Changli and Qian’an was stable at 3420, and the transaction price of traders including tax was around 3490. In the morning of this day, Changli area raised 10 to 3430. After the increase, the overall transaction of billets was generally weak, and the prices of downstream finished products were mixed. Direct delivery of steel billets in Tangshan was acceptable, and the mainstream warehousing spot reported at 3490. Adjusted, narrow-band transactions were active, section steel transactions were weak, and billet prices rose in the early afternoon.