SteelOrbis has learned that import wire rod offers for the US from Turkish mills have risen by approximately $50 /mt in the past week, with most offers now ranging from approximately $1,340 /mt to $1,350 /mt CFR FO in US Gulf ports.
Meanwhile, offering prices from Chinese mills have increased tremendously in the last two weeks, with new offers being priced $200 /mt higher than the previous offering level. New rod offers for the US from Chinese mills now range from approximately $1,240 /mt to $1,250 /mt CFR FO US Gulf ports. There is a $15 /mt extra for 5.5 mm, and availability of different grades and sizes is still very limited.