Scrap costs to drive wire rod up Perlus
Dec 10, 2007 | 02:53 PM
The president of Ivaco Rolling Mills LP, L'Orignal, Ontario, on Monday added his voice to the growing chorus of industry observers predicting higher prices in coming months.
With scrap prices rising, wire rod producers will adjust their surcharges upward to compensate while mills without surcharges likely will raise base prices, Tom Perlus, head of the wire rod- and billet-making unit of Montreal's Ivaco Inc., said. "It's a terrible pill (for buyers) to swallow. I realize that. But we're stuck with costs going up."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.