China wire rod case drives new imports

Mar 18, 2014 | 02:52 PM | Stacy Irish

Tags  wire rod, China rod, Turkish rod, Commerce Department, International Trade Administration, Stacy Irish

NEW YORK — U.S. wire rod buyers have expressed surprise at attractive new import offers from Turkey, Russia, Spain and Portugal that have been driven by an ongoing trade case vs. Chinese product.

While new offers for early summer delivery from those four countries are higher than previous prices from China, it’s not by much, buyers said.

“We’re getting offers from Turkey, Portugal and Russia that are slightly higher than previous Chinese wire rod prices, and it was not what we were expecting,” one U.S. wire rod buyer told AMM. “There are no more Chinese wire rod offers to the U.S. That game is over.”....

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