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[Ferro-Alloys.com] cored wires market remained sluggish last week in China. In Henan province, ex-work price of Ca98%min∮9㎜Ca wire stayed around  RMB10,000-10,200/mt. Ex-work price of Ca28Si55∮13㎜ CaSi wire stayed around RMB8,300-8,500/mt and Ca30∮13㎜ FeCa wire was RMB8,200-8,400/mt . Other cored wires were also peaceful. In Henan province, mainstream ex-work price of C98%∮13㎜ carbon wire stayed at  RMB 4,800-5,000/mt.

Overhauls and production cuts continued in steel mills, tender documents released with small amounts needed. Most cored wires producers insisted of prepayment orders to relieve cash pressures. Due to pessimistic views on future market, most producers would continue to produce under capacity or cut further on their outputs. 

Blocked export propelled calcium producers to cut outputs to maintain prices.

But it turned out to be drop slightly.  

In Shanxi and Henan Province, the major producing areas of calcium metal, ex-work price of Ca98%，0-2mm calcium granule was adjusted to RMB 15,000/mt. Meanwhile, ex-work price of Ca98%min ∮7.5㎜calcium silk stayed around RMB 16,000/mt.

Cold-rolled strip steel price was brought down by declined steel prices. In Hebei and Shandong province, the major production areas of cored wire strip steel, mainstream ex-work price of 0.35*55, Q195 strip steel stayed at RMB 3,000-3,200/mt.

Cored wire market was mainly supported by cost, so its future trend would be flat due to bad demand.

• [Editor:Zhang Xing]