SteelOrbis has learned that wire rod offers of Northern European and Turkish origin for the US currently range from $680 /mt to $690 /mt CFR FO in US Gulf ports. This represents a $20 /mt increase since last week.
Offers for drawing quality import wire rod have gone up by $30 /mt in the past week, with most offers now ranging from $700 /mt to $710 /mt CFR FO in US Gulf ports.
There are no workable or reasonable Chinese wire rod offers for the US, in anticipation of an export tax increase in China.