In Pakistani domestic wire rod market, Far East origin high carbon wire rod offers are currently at $565-575/mt CFR Karachi for June/July shipment.
It is observed that CIS origin high carbon wire rod offers have almost reached the price levels of the Far East origin high carbon wire rod offers. Since the CIS origin offers have this week been at $530-540/mt CFR Karachi for June/July shipment, up from $485-495/mt CFR Karachi a month ago, end-users are not responding favorably to these offers.