Sources tell SteelOrbis the US import wire rod market remains “terribly lackluster,” with little interest in prices that are “extremely flexible.” Overall, offer prices have not changed week-on-week, but sources report that buyers who are serious about placing an order will be able to get a deal “comfortably below” the general offer price range.
As such, deals are possible beneath the import wire rod offer range of $29.50-$30.00 cwt. ($650-$661/mt or $590-$600/nt) DDP loaded truck in US Gulf ports from Malaysia, and $30.00-$31.00 cwt. ($661-$683/mt or $600-$620/nt) DDP loaded truck in US Gulf ports from Germany.