Core wire market transaction
Recently, according to the news from Hainan West Asia, some small cored wire factories already had on the New Year. The rest of the factories mainly focus on delivery. After the Covid 19 was released, in order to prevent emergencies in the later stage, cored wire factories stepped up production and tried to on time completed the order with already make payment.
Affected by the Covid19 in the past two weeks, the output of cored wire factories has been affected, and the demand at the steel mill side is also limited to a certain extent. Therefore, the market trading atmosphere is weak. The procurement of raw materials in the later period needs to pay attention to the bidding situation of steel enterprises in January.