Chinese wire rod offer

SteelOrbis has learned that China's Jiangsu Province-based mill Zenith Steel quoted Q235 grade 6.5 mm diameter wire rod for export at $405/mt FOB Shanghai on January 19, 2007, on actual weight basis via at sight payment by latter of credit for March shipment. The export price has increased about $15/mt compared with last month. The price of wire rod in the domestic market has increased about $30/mt in the meantime. Generally, the price of 5.5 diameter wire rod is approximately $20/mt higher than that of 6.5 mm diameter wire rod.