Brazilian producers are negotiating wire rod of the mesh grade for export to South American countries in a price range of $610/mt to $630/mt FOB, against $620/mt to $650/mt FOB last week, local market sources told SteelOrbis.
In October, ArcelorMittal exported 13,800 mt of wire rod, in average at $637/mt, while Gerdau exported 12,100 mt at $668/mt, both FOB conditions and price deals probably closed in August. The main destinations of the Brazilian wire rod in October were South America (13,800 mt), the EU (4,800 mt), the US (3,100 mt) and Asia (2,900 mt).