SteelOrbis has learned that new import wire rod offers for the US from Turkish mills have remained stable in the last week, with most offers continuing to range from approximately $1,240 /mt to $1,250 /mt CFR FO in US Gulf ports.
Chinese wire rod offering prices for the US have also not changed since last week, with most offers still ranging $1,040 /mt to $1,050 /mt CFR FO in US Gulf ports. The usual size and grade restrictions apply. There are rumblings in the market that these offering prices from China will soon rise.