Chinese wire rod offering prices for the US have increased by $15 /mt since last week, with offers now ranging from $600 /mt to $610 /mt CFR FO in US Gulf ports. Imports of 5.5 mm are restricted and carry extras. However, buyers have not yet accepted these new prices.
Offers for drawing quality import wire rod have also increased by $15 /mt, now ranging from $625 /mt to $635 /mt CFR FO in US Gulf ports.
SteelOrbis has learned that Turkish wire rod offering prices for the US are at a range of $630 /mt to $640 /mt CFR FO in US Gulf ports.