Import wire rod offers in the US

Since last week, Chinese wire rod offering prices have decreased by $10 /mt, now ranging from $510 /mt to $520 /mt CFR FO in US Gulf ports. As usual, grade 1008 and 5.5 mm size rods are restricted. Turkish mesh quality wire rod offers still range from $545 /mt to $555 /mt CFR FO in US Gulf ports, the same price level as last week. Offers for drawing quality import wire rods have also not changed from the week previous, still ranging from $555 /mt to $565 /mt CFR FO in US Gulf ports. Some South American mills are aiming for prices $10 /mt to $15 /mt higher than the above.