SteelOrbis has learned that Turkish wire rod offering prices for the US have increased by $10 /mt since last week, with most offers now ranging from $640 /mt to $650 /mt CFR FO in US Gulf ports.
Chinese wire rod offering prices for the US have increased by $15 /mt since last week, with most offers now ranging from $655 /mt to $665 /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 increased $10 /mt since last week, with most offers now ranging from $660 /mt to $670 /mt CFR FO in US Gulf ports.