Turkish wire rod offering prices for the US have fallen by $25 /mt in the past week, with most offers now ranging from $620 /mt to $630 /mt CFR FO in US Gulf ports.
Chinese wire rod offering prices for the US have remained stable since last week, with most offers still ranging from $640 /mt to $650 /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 also remained stable in the last week, with most offers continuing to range from $650 /mt to $660 /mt CFR FO in US Gulf ports.