Chinese
wire rod mills are on holiday for the Chinese New Year, so they are not offering
wire rod to the US at this time. Their most recent offers to the US last week ranged from $510 /mt to $520 /mt CFR FO in US Gulf ports. (Imports of 5.5 mm are restricted and carry extras.)
Offers for drawing quality import
wire rod still range from $545 /mt to $555 /mt CFR FO in US Gulf ports.