Import wire rod offers in the US

Import wire rod offers from China have increased by $15 /mt since last week, now ranging from $510 /mt to $520 /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 increased by $15 /mt since last week, now ranging from $545 /mt to $555 /mt CFR FO in US Gulf ports. However, there are very few import drawing quality rod offers on the market at this time.