SteelOrbis has learned that import wire rod offers for the US from Turkish mills have not changed in the past week, with most offers remaining at a range of approximately $1,290 /mt to $1,300 /mt CFR FO in US Gulf ports.
Last week, most wire rod offers from Chinese mills for the US ranged from approximately $1,040 /mt to $1,050 /mt CFR FO in US Gulf ports. The new offering prices from Chinese mills for August rolling are anticipated to come out this week, and they are expected to register a large increase from last week's price level.