Import wire rod offers in the US

Chinese wire rod offering prices have declined by $10 /mt since last week, now ranging from $470 /mt to $480 /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 have not changed since last week, still ranging from $515 /mt to $525 /mt CFR FO in US Gulf ports this week. Offers for drawing quality import wire rods remain at a range of $540 /mt to $550 /mt CFR FO in US Gulf ports.