Wire rod offer from China

SteelOrbis learned that a major Chinese mill is offering 6.5 mm diameter Q235 grade wire rods for export at $420/mt FOB Xingang Port, Tianjin via at sight payment by irrevocable letter of credit for the orders from 1,000 mt to 5,000 mt for November shipments. It is thought that this price level is comparably higher than that of other Chinese steel mills.