Asian steel market calm, hot volume stability, rebar and wire rods fell, less turnover, overseas buyers continue to wait and see, waiting for further decline in prices.

With the domestic market down and the trend is uncertain, Chinese steel mills or choose not to offer, or to maintain the previous offer unchanged. (FOB), South Korea and Vietnam received a single, only Pakistan and Bangladesh state buyers are willing to 435 US dollars / ton (FOB) orders, South Korean traders counter-offer 430 US dollars / Ton (FOB), Vietnamese buyers cold-rolled base material prices as low as 425 US dollars / ton (CFR). I heard that India's cold-rolled base material offer 470 US dollars / ton (CFR), higher than China.

Rebar and wire rod prices fell steadily, Chinese steel rebar offer 465 US dollars / ton (FOB), filed about 460 US dollars / ton (FOB), overseas buyers that China is still high, can not accept. Singapore buyers are seeking to buy rebar for $ 420 / t (FOB), a buyer with a small deal of $ 435 / tonne (CFR). Singapore's current inventory is currently below the 3/4 level, the latter part of the procurement should be more. In view of the advantages of Russian thread and wire rod offer, Asian buyers are considering the procurement of Russian resources, the Russian thread 430 US dollars / ton (CFR) have traded, to the Philippines disk reported 440 US dollars / ton (CFR), lower than the Chinese price of 20 US dollars /Ton.

Once the Chinese market stabilized, overseas buyers will start to sell.