SteelOrbis has learned that Turkish wire rod offering prices for the US have increased by $10 /mt since last week, with most offers now ranging from $660 /mt to $670 /mt CFR FO in US Gulf ports.
Chinese wire rod offering prices for the US have also increased by $10 /mt in the past week, with most offers now ranging from $675 /mt to $685 /mt CFR FO in US Gulf ports. Imports of 5.5 mm are restricted and carry extras.
Offers for drawing quality import wire rod have also gone up by $10 /mt in the past week, with most offers continuing to range from $670 /mt to $680 /mt CFR FO in US Gulf ports.