Chinese wire rod import prices strengthen

Jul 23, 2013 | 05:03 PM | Samuel Frizell

Tags  Chinese steel wire rod, wire rod, traders, imports, domestic wire rod mills, Samuel Frizell

NEW YORK — Steel wire rod import prices from China have climbed in recent weeks, closing the spread between imported and domestic product after import prices hit a deep bottom in the past few months.

“Import prices have gone up from China,” one wire rod trader said. “In northern China they might have gone up 15 dollars per ton. Other mills are pushing up from $25 per ton up.”

Prices for low-carbon imported Chinese wire rod have settled between $570 and $590 c.i.f. port of Houston, sources said, up from around $550 per ton in much of June. Sources said the price increase was due to rising costs of iron ore at the Chinese mills. ....

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