Chinese wire rod offers to the US have increased by $5 /mt since last week, now ranging from $560 /mt to $570 /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 $10 /mt since last week, and now range from $585 /mt to $595 /mt CFR FO in US Gulf ports.