Chinese wire rod offering prices for the US have increased by $10 /mt since last week, with offers now ranging from $590 /mt to $600 /mt CFR FO in US Gulf ports. (This increase took place primarily due to the rising ocean freight rates.) 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 remained stable since last week, with offers still ranging from $610 /mt to $620 /mt CFR FO in US Gulf ports.