After a slight drop last week, US import wire rod offers from Germany have remained stable this week, although sources tell SteelOrbis that offers remain flexible for “serious buyers.” Import buyers in the US are also reportedly keeping an eye on the US domestic market, wondering if the announced mill price increase this week will see any traction. However, sources say that if US domestic prices rise, they don’t expect import offers to follow the trend.
Current US import wire rod offers from Germany are unchanged at $28.00-$29.00 cwt. ($617-$639/mt or $560-$580/nt) DDP loaded truck in US Gulf ports.