December 03, 2008

American wire rod import prices jump

It is reported that imported wire rod price in US have increased by USD 88 to USD 110 per ton last week.

The reported levels are
1. Chinese - USD 1,047 to USD 1,069 per ton FOB
2. Turkish - USD 1,090 to USD 1,113 per ton FOB

Although American buyers do not want to pay a higher price, the low price resources have already been sold out, so they have no choice but to buy at a higher price.

American domestic price for low carbon steel wire price at USD 871 to USD 893 per ton FOB and for high carbon at FOB USD 926 to USD 948 per ton FOB.

(Sourced from YIEH.com)