Chinese
wire rod mills are starting to come back from the Chinese New Year holiday, but they are still no concrete offers at this time. The mills should be back with new offers by next week. Their most recent offers to the US two weeks ago 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 have increased by $20 /mt in the past week, now ranging from $565 /mt to $575 /mt CFR FO in US Gulf ports.