SteelOrbis has learned that wire rod offers of Northern European and Turkish origin for the US have remained stable since last week, continuing to range from $680 /mt to $690 /mt CFR FO in US Gulf ports.
Offers for drawing quality import wire rod have also remained stable since last week, with most offers still ranging from $700 /mt to $710 /mt CFR FO in US Gulf ports.
There are still no workable or reasonable Chinese wire rod offers for the US, in anticipation of an export tax increase in China.