Import wire rod offers from Russia and India

SteelOrbis has learned that one Russian wire rod producer is offering out of the Black Sea at about $530 /mt to $535 /mt CFR US Gulf Ports. Sizes offered are restricted to 6.5 mm and larger. Indian steelmaker Vizag has recently announced the results of 10,000 mt of wire rod tender for the US market. The highest bidding price for this parcel was about $460 /mt FOB St Indian Port.