SteelOrbis has learned that wire rod offers for the US of Chinese origin have risen by approximately $60 /mt in the last week, currently ranging from $990 /mt to $1,000 /mt CFR FO in US Gulf ports.
Wire rod offers from Turkish mills for the US currently range from $1,050 /mt to $1,060 /mt CFR FO in US Gulf ports, though no orders have been concluded at this price level yet.