US import wire rod offers prices are trending in tandem with US domestic wire rod prices, with sources attributing the softness in the market to low scrap prices and continuing lackluster demand. The lowest import wire rod offers have not changed in the last week, but the highest prices reported last week are no longer available in the market.
Import wire rod offers to the US market from Germany and Malaysia are now in the narrowed range of $33.00-$34.00 cwt. ($728-$750/mt or $660-$680/nt) DDP loaded truck in US Gulf ports from Germany and Malaysia, reflecting a decrease of $1.00 cwt. ($22/mt or $20/nt) on the high end of the range compared to last week. Import wire rod offers from India, meanwhile, are unchanged this week in the range of $32.00-$32.50 cwt. ($705-$717/mt or $640-$650/nt) DDP loaded truck in US Gulf ports.