November 3 Latest wire rod offer

Wire Rod

Yesterday, the ex-factory settlement price of some steel plants in Changli and Qian’an was increased by 10 to 3460, and the transaction price of traders including tax was about 3530. Today, the steel market is slowing down. The overall transaction of steel billets is average, and the prices of downstream finished products are rising steadily. Tangshan billet direct delivery is acceptable, and the mainstream warehousing spot is at 3530 and cautiously traded. Downstream finished product prices stabilized and tended to adjust, narrow-band transactions were active, section steel was weak, and billets remained cautiously stable in the early afternoon.