Steel wire rod, rebar prices see little movement

Jan 31, 2013 | 03:27 PM | Samuel Frizell

Tags  steel long products, wire rod, rebar, construction market, scrap prices, American Wire Producers Association, Samuel Frizell

NEW YORK — A slow midwinter construction market and the expectation of fairly flat scrap prices in February have frozen steel long product tags, sources said, noting that buyers continue to hold out on higher-volume deals to see if business begins to thaw as spring approaches.

Wire rod prices have held steady in recent weeks, buyers and sellers said, with mesh-quality low-carbon wire rod prices at $33.50 per hundredweight ($670 per ton) f.o.b. mill, industrial-quality low-carbon rod at $34 per cwt ($680 per ton), high-carbon wire rod at $35.25 per cwt ($705 per ton) and cold-heading quality prices at $38 per cwt ($760 per ton).....