US import wire rod prices remain soft

Friday, 04 October 2019 21:48:08 (GMT+3)   |   San Diego
       

Demand for US import wire rod has not increased or decreased measurably in the last week, but offer prices remain soft. Offers from Germany have now slipped down to match Malaysian offers, which are unchanged week-on-week. US import wire rod offers from Germany and Malaysia are now in the narrow range of $29.00-$29.50 cwt. ($639-$650/mt or $580-$590/nt) DDP loaded truck in US Gulf ports.

Sources say wire rod buyers in the US are largely turning to domestic producers for orders when needed, as shorter lead times are an advantage amid overall uncertainty in the market. Additionally, US domestic wire rod prices are increasingly soft, and set to drop further once US domestic scrap prices settle downward as expected this month.


Most Recent Related Articles

US import wire rod prices unchanged

US import wire rod demand remains low

US import wire rod prices remain flexible

US import wire rod market sees slightly lower prices

US wire rod imports up 20.2 percent in March