Although overall demand for wire rod in the US is reported as decent, buyers are still mostly uninterested in import offers, which are still trending near the same range for US domestic product. Sources tell SteelOrbis that high global prices for wire rod are keeping offers to the US firm, but serious inquiries are “few and far between.”
The last-heard offer for US wire rod imports from Germany were in the wide range of $35.00-$38.00 cwt. ($772-$838/mt or $700-$760/nt) DDP loaded truck in US Gulf ports, although offers on the low end of the range are reportedly less available compared to last week.