Demand in UAE wire rod market at medium levels

Market sources report that wire rod prices in the local UAE market, where demand has remained at medium levels, can be found in the range of $595-600/mt ex-works, while domestic mills continue to offer discounts depending on order sizes. Meanwhile, Chinese wire rod offers to the country stand at $575-580/mt CFR Dubai. Sources tell SteelOrbis that local buyers are not showing great interest in Chinese offers due to the difficulty in shipment. On the other hand, no new wire rod offers have been heard in the UAE from Turkey.