Market sources report that
wire rod prices in the local
UAE market, where demand has remained at medium levels, can be found in the range of $595-600/mt ex-works, while domestic mills continue to offer discounts depending on order sizes. Meanwhile, Chinese
wire rod offers to the country stand at $575-580/mt CFR Dubai. Sources tell SteelOrbis that local buyers are not showing great interest in Chinese offers due to the difficulty in shipment. On the other hand, no new
wire rod offers have been heard in the
UAE from
Turkey.