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 $650 /mt to $660 /mt CFR FO in US Gulf ports.
Chinese wire rod offering prices for the US have also increased by $10 /mt in the past week, with most offers now ranging from $665 /mt to $675 /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 remained stable in the past week, with most offers continuing to range from $660 /mt to $670 /mt CFR FO in US Gulf ports.