There has been no measurable uptick in interest for US import wire rod in the last week, with prices and inquiry activity following a neutral trend. US import wire rod offers from Germany are steady at $28.50-$29.00 cwt. ($628-$639/mt or $570-$580/nt) DDP loaded truck in US Gulf ports.
Sources tell SteelOrbis that tepid interest in wire rod imports could sustain for the remainder of Q1, especially as the US domestic wire rod uptrend appears to be short-lived. If domestic wire rod prices stay low, sources say, there is “virtually no reason for anyone to order offshore.”