Rebar, wire rod imports slow; rebound eyed
Nov 09, 2012 | 04:20 PM
| Catherine Ngai
NEW YORK The steel wire rod and reinforcing bar import sector has been sluggish recently as U.S. mill pricing remains competitive and buyers cautiously eye year-end dynamics.
"Usually around this time of year, people place orders for first-quarter arrival. Some have already booked, but its been going very slowly," one steel trader said. "Buyers dont want to speculate and theyre trying to be conservative. Theyre even willing to pay a larger than normal premium on domestic product if that minimizes their risk."
A second trader agreed. "There isnt a big rush for the first quarter yet," he said. "The domestics are still concerned about filling these last two months."....
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.