Chinese wire rod offering prices for the US have come down by $10 /mt since last week, with offers now ranging from $590 /mt to $600 /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 $625 /mt to $635 /mt CFR FO in US Gulf ports.
Turkish wire rod offering prices for the US have also decreased by $10 /mt since last week, with offers now at a range of $620 /mt to $630 /mt CFR FO in US Gulf ports.