US import wire rod activity continues to trend weak, with few buyers interested in bringing in tons near the end of the year. The slow demand has reportedly allowed import buyers to push for slightly lower prices when deals do occur, but they are not widespread enough to drag down the general offer price range.
As such, US import wire rod offers from Germany are unchanged from last week at $26.50-$27.50 cwt. ($584-$606/mt or $530-$550/nt) DDP loaded truck in US Gulf ports. Sources tell SteelOrbis that despite low demand and outlier deals, they do not expect import wire rod offers to change much for the remainder of the year.